@Giandrei 19 April 2021

Monday, April 19th, 2021. (11:10 AM CST) 𝘽𝙞𝙩𝙘𝙤𝙞𝙣 𝘾𝙖𝙨𝙝 𝙣𝙚𝙬𝙨: The BCH price dropped sharply because of profit taking as the impact of the Coinbase direct listing started to fade. With the news done, the market is now waiting for another catalyst. The price also dropped because of the overall weakness in the crypto market. Indeed, currencies like Bitcoin, Ethereum, and Ripple all dropped. Historically, a drop of Bitcoin leads to contagion in the other currencies. Still, this correction seems temporary considering that fears of inflation in the United States have waned slightly. Data released last week showed that the overall consumer price index (CPI) rose to 2.6% in March because of higher gasoline prices and the stimulus. Therefore, as these impacts starts to fade, inflation will keep falling. As such, the Fed will unlikely boost interest rates in the near term. #BitcoinCash