According to data from market analysis platform Santiment, a volatile period awaits the cryptocurrency market.
November consumer inflation data announced by the US Department of Labor strengthened the idea that the Fed will keep interest rates high in the near term.
Core inflation gained momentum and increased by 0.3 percent on a monthly basis. Inflation is 0.1 percent on a monthly basis; It was 3.1 percent on an annual basis.
According to the data shared by Blockchain platform Santiment, on social media platforms such as Telegram, Twitter and Reddit, “bear market” term becoming increasingly used started.
This FUD (fear, uncertainty, doubt) While it is stated that there is a symptom, cryptocurrency prices are currently may be volatile comment was made.