Persistent inflation is weighing on global markets. Last week, the US core CPI was announced, up 6.6% year-on-year, at a 40-year high.
Meanwhile, the Bond Market Option Volatiability Index has surpassed levels seen during the 2020 flash slump, signaling growing stress in the bond market. On the other hand, there are signs that the crypto industry is maturing.
Tether recently disclosed that there is currently no commercial paper in the company’s reserves. Additionally, long-term holders of Bitcoin are still buying the dips, amassing about 500,000 Bitcoins over the past 3 months.
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