Bitcoin, Ethereum Push Higher As Inflation Slows to 4.9% in April
Bitcoin Ethereum Bitcoin, Ethereum Push Higher As Inflation Slows to 4.9% in April 49 segundo ang nakalipas Balita ng Ethereum ng Bitcoin In terms of the impact that Wednesdays CPI print had on crypto markets, Managing Director at Wave Digital Assets Nauman Sheikh told I-decrypt a lack of liquidity is likely at play, pointing to market makers like Jane Street and Jump who have scaled back. “Liquidity just fell off a cliff, so any market impact on the way up on the way down will be a little bit more exaggerated,” he said. “Theres no depth to the market, which means any slight pressure on either side is just going to be exasperated.” “The fact that [inflation] is within expectations, a bit better for the annual rate, it means the Fed will likely pause,” Kaiko analyst Dessislava Aubert told I-decrypt, “Because the current banking turmoil in the U.S. is basically making traditional tightening less necessary—banks are already tightening lending standards.”