BTC, ETH & SOL All “Take a Dive”

TL;DR
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It felt like BTC, ETH, & SOL “took a dive” after worse-than-expected inflation knowledge got here in yesterday, nevertheless it was just a few %, and it rebounded instantly.
Full Story
You understand these viral movies of individuals freaking out in VR?
The place the particular person with the headset on is seeing issues that aren’t actual, however their limbic system is screaming:
“Dude, run as quick as humanly attainable in a single path (in direction of the dry wall, which you’ve already forgotten is straight in entrance of you)!”
From the skin wanting in, it feels a little bit foolish (trigger we are able to clearly see they’re in a impartial area, with a ground and ceiling above them).
That’s kinda what it appears like to observe the market proper now…
Trigger yeah, it kinda felt like BTC, ETH, & SOL “took a dive” after worse-than-expected inflation knowledge got here in yesterday…
However in actuality, they dropped a pair % at worst:
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BTC went from $69k to $67.6k
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ETH went from $3.5k to $3.4k
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SOL went from $170 to $162
(All earlier than rebounding nearly totally throughout the board).
So right here’s what to do if you wish to sleep a little bit higher:
Take the VR goggles off.
These bounces can really feel violent & scary, however in actuality, the market is essentially being pushed by Bitcoin, which is in a comparatively impartial area with a stable ground ($60k) and ceiling ($73.5k) beneath/above it.
Till that ground is damaged, there’s no have to be stressing.
…and if the ceiling breaks — that’s trigger for celebration!