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Mooners and Shakers is sponsored by Dacxi, the world’s first purpose-built Crypto Wealth platform. CPI inflation data comes in, fresh 40 year highs, US dollar up, Bitcoin and crypto markets down slightly. This episode is sure to be played over and over again. Have these high inflation figures been largely “appreciated”? Possible. In general crypto is dipped in the news, but at the time of writing this is nothing more than scraps of paper. The US Consumer Price Index (CPI) inflation figures are due at 8:30 a.m. EST on Wednesday. And at 9.1% compared to the 8.8% expected by most, this is the biggest year-on-year increase since 1981. Good times. At least US financial analyst Jim “As Seen on TV” Cramer calls the inflation peak pretty much here. While it doesn’t inspire much belief according to some/many… Great, we now have confirmation that inflation will continue to explode — Doctor Stonk (@stock_doctor) July 13, 2022 Actually… said Cramer, let’s see if the Fed sticks to the guns of

Mooners and Shakers is sponsored by Dacxi, the world’s first purpose-built Crypto Wealth platform. Bitcoin lost a nice, round, $20K psychological mark earlier, but has managed to find some decent support above $19.6k, at the time of writing. Meanwhile, the CPI inflation data on Wednesday July 13 in the US, and all the technical analysis in the world today may not be able to keep up with the results. Is it as simple as: lower-than-expected inflation, rising crypto/risk assets; high inflation, crypto assets/risk down? Perhaps, despite the old high inflation “entry price” argument is also floating again. Perhaps the real kicker will come when the US Federal Reserve announces its response to the July 26-27 CPI inflation data with the possibility of another 0.75bp rate hike. Right, got it – inflation… macro sucks right now… is there anything else scaring the market, other than crypto also doing its best to burn internally through the “contagion” effect of Terra LUNA, Celsius and 3AC et al

Mooners and Shakers is sponsored by Dacxi, the world’s first purpose-built Crypto Wealth platform. Bitcoin and Ethereum are pumping, Celsius has reportedly paid off its BTC loans, and most of the top coins are having a good day. That’s all, the bear market is officially over, go up only from here. Sorry, got carried away – haven’t seen a crypto green day like this for a bit (though yesterday wasn’t too bad either). Source: Coin360.com Just a relief rally pump? Possible. With the next batch of US inflation data looming on July 13 and many experts expecting another 75bp rate hike from the Fed, there is no way the prospect of a flat-to-bearish downtrend can be ignored. That said, at least one prominent US financial analyst saw an orange glow at the end of what has been a pretty dank, sad, overused tunnel this time of year. Mike McGlone, senior commodities strategist at Bloomberg factored in the following… #Bitcoins could be one of the biggest bull markets in history at a relatively di