Inflation cools down, Bitcoin and stocks relax

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On Thursday,

cryptocurrencies and shares recorded significant profits after several sessions with red figures than the inflation data better than expected and the dealers digital assets digested the decline of the FTX.

Bitcoin and Ether recovered on Thursday and increased by 12 % and 21 %. The recovery comes a day after both currencies expanded their losses on Wednesday, as a Binance out of the deal, from which investors hoped that it would save the industry.

"The events of this week also underline Bitcoin's power as a really decentralized cryptocurrency that offers the individual financial self-sovereignty-in contrast to allegedly serious tokens that can be wiped out overnight", a note of analysts of the crypto hardware wallet from Satoshilabs. Trezor, read. "These crypto earthquakes stimulate a reaction from consumers."

shares also ended the trading session in the green, thanks to reduced fear of inflation and increasing concern about a recession. The S&P 500 and Nasdaq closed 6 % or 7 % higher. Consumer price index from Thursday came deeper as the expectations of the analysts and showed a price increase of 7.7 % in the year and an increase of 0.4 % last month.

"Since the worries of recession and the possibility of a financial shock overtake the fear of inflation, bond investors should consider an 'extension' of the terms, and stock investors should prepare for a renewed and persistent rally," said Jim Paulsen, Chief Investment strategist at The Leuthold Group.

Even the sale on Wednesday, in which the indices S&P 500 and Nasdaq Composite closed by 2.1 % or 2.5 % lower, should have been larger, said Nicholas Colas, co -founder of Datatrek Research.

"The decline should have been worse in view of unexpected intermediate results and volatile virtual currencies. However, the trust of investors needs a positive catalyst from here," said Colas.

cryptocurrencies will survive a long storm, warn analysts.

"It will take weeks for us to find full extent which companies are committed to FTX and what percentage of customer funds are reimbursable," said Tom Nath, Chief Operating Officer at Bitooda.

"FTX still claims that the assets exceed the liabilities of the customers, but this illiquidity prevents them from deflecting the payments," he said.

The fear of investors can spread over a brokerage account, added Colas.

" During [Crypto] theoretically differs from stocks, many investors both stick to the same trading platforms for small investors. A severe decline in online currency values ​​can therefore spread to other independent markets," he said. "There is an old trader saying that 'the correlations go to 1 in a crisis."

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The Post Inflation Cools, Bitcoin and Stocks Bounce is not a financial advice.