Could Hot Inflation Numbers Push the Fed to Historic 100 Basis-Point Rate Hike?

📆 7/15/2022 3:50 AM
📰 CoinDesk

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'The Fed is going to continue to be very aggressive in driving markets down, taking liquidity out of the system,' ValkyrieFunds' stevenmcclurg says, adding that a potential bitcoin bottom depends on how long the Fed continues to tighten. Watch more:

Valkyrie Investments co-founder and CIO Steven McClurg discusses the potential factors moving the crypto markets, exploring the impact of the latest inflation data suggesting a hawkish Federal Reserve policy ahead.

Plus, outlook for bitcoin’s bottom.

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ValkyrieFunds stevenmcclurg Our euro and JPY pals will make Jerome pivot quickly in the next 60 days. Insallah

ValkyrieFunds stevenmcclurg I think one day it will cost really a lot of usdt

ValkyrieFunds stevenmcclurg HOT money are not HODL money

ValkyrieFunds stevenmcclurg PiCoreTeam

ValkyrieFunds stevenmcclurg This is going to be a very big disaster.

ValkyrieFunds stevenmcclurg Well, simply put, keep on SAT STACKING!

ValkyrieFunds stevenmcclurg Gotta go with the market, not against it 🤷‍♂️

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Market Wrap: Bitcoin Snaps Five-Day Losing Streak; Even Traders See More Hawkish FedBTC fell 4.5% minutes after the U.S. consumer price index showed June inflation rising to 9.1% but has since recovered.
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