Inflation index CPI is up in July : don’t expect the end of bear market soon for crypto.

Cryptocurrencies are a very risky investment. Usually when inflation calms down, risky investment tends to become more profitable. The Fed will not stop raising interest rates soon. + 0,2 points in July. The downtrend is not necessarily invalidated. But it’s a sign that inflation is not over and that the fed will continue to raise rates. Regarding the ecb, the situation is even worst. But the eurozone is not at all the financial hub of the world. The financial hub of the world is the NYSE. And the euro is not at all the world leading currency. The USD is. I know this because I gave up using the euro for trading. It’s too complex when all analysts talk in USD.

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