“Asset Prices Across Markets Largely Shrugged Off Surging Inflation Expectations, With Crypto Prices Consolidating Sideways.”, – WRITE: www.coindesk.com
Crypto Mining and Data Center Firms Such as Cipher Mining (CIFR), Hive Digital (HIVE), Hut 8 (Hut) and Terawulf (Wulf) Bobed 10% -20% of Gains on Optimism About (wulf) Demand, Jolted by Coreweave (CRWV) SIGNING A $ 4 Billion Deal with Catgpt-Developer Openai. TheSe FIRMS OFFEN Seen As Proxies for Ai-Linked Infrastructure Bets Due to Their Data Center Assets.
For Its Part, Coreweave Soared More than 26%.
The Rally Extended to Galaxy Digital (Glxy), WHICH ROSE 8% ON ITS FIRST DAY OF TRADING ON THE NASDAQ, Marking The Firm’s Long-Awawaited US Market Debut. The Company, Previously Only Listed in Toronto, Manages Crypto Investments and Trades Digital Assets and Also Has A Data Center Business.
Crypto Exchange Coinbase (Coin) Rebounded 9% After A Sharp Drop Thursday Triggerd by Customer Data Breach and Ongoing Regulatory Scrutiny by the Us)
Read More: Market Reaction to Coinbase Hack ‘Overblown,’ Say Analysts As Sec Probe Sinks Coin
Defi Development (DFDV), The Real Estate Tech Firm with a solana SOL$ 171.50 Treasury Strategy, Surged 45% to Fresh Record Highs on News of Striking A Validtor Operation Deal with Memecoin Bonk Bonk$ 0.0₄20692 and adding more Sol tokens to it Balance Sheet.
Meanwhile, BTC Held Just Above $ 104,000, Up 1.3% Over The 24 Hours, While Ether Eth$ 2,592.22 Ganedd 2.3% to $ 2.580. The Broad-Market Coindesk 20 Index Was Flat, With XRP Xrp$ 2.42 UnderPerForforming as a US Judge Rejent the Settlement Proposal Between Ripple and the Sec.
Inflation Expectations Through The RoofOn the Macro Front, The University of Michigan’s Latest Inflation Survey Showed Consumers Expect 1-YEAR INFLATION TO Rise to 7.3%, Up from 6.5%, The Highest Since The 1980s, while. 4.6%, A Multi-Decade High.
“IT’s SO HIGH IT DOESN’T MAKE SENSE,” Louis Navellier, Chief Investment Officer of Money Management Firm Navellier Said in a Market Note.
Responses Showed Staggering Divergence in Outlooks by Political Affiliations, with the Republican Outlook for Far Tamer Inflation. Traditional Markets, Consequently, Shrugged Off The Data, With Major US Stock Indices Climbing Higher Towards the Latter Hours of the SESSION.
However, Rising Inflation Expectations May have Aecond-Order Impact on Markets by Discourse Fed Policymakers from Cutting Rates in The Next MONTS.
“The Concern is that Fed Has Expressed Interest in Consumer Expectations on Inflation, and With Their Concern About the Potential of Tariff-Fuhled Inflation, IT MAY GIELL FURTHER.
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