The markets will react to the CPI data!

“Sympathy to all affected” tweet of the day.

No one could of seen this coming. The risk of de pegging was always there, but this is a truly extraordinary event.

My heart out to all those affected. ❤️ This is a dark day for the whole of crypto.
— Miles Deutscher (@milesdeutscher) May 11, 2022

“Do Kwon and LFG statement” thread of the day.

1/ Dear Terra Community:
— Do Kwon 🌕 (@stablekwon) May 11, 2022

“CPI comes on over expectations” tweet of the day.

BREAKING

CPI 8.3%, expected 8.1%
— unusual_whales (@unusual_whales) May 11, 2022

“No more open internet bans in Russia?” tweet of the day.

Starlink has resisted Russian cyberwar jamming & hacking attempts so far, but they’re ramping up their efforts https://t.co/w62yCsDA5w
— Elon Musk (@elonmusk) May 11, 2022

“Markets usually react to expectation discrepancy” tweet of the day.

Markets do not react to good news and bad news on inflation.

They react to how good or bad the news is relative to expectations. Expectations that they set.

Dog and pony show.

Anything better than expected will be "good news" and likely send markets temporarily to Valhalla.
— The Wolf Of All Streets (@scottmelker) May 11, 2022

“Manipulated CPI data” tweet of the day.

The government is manipulating economic calculations during the highest inflationary period in 40 years.

This is why no one believes the CPI number. https://t.co/wjBD5ye0rq
— Pomp 🌪 (@APompliano) May 11, 2022

“How we sometimes feel too” tweet of the day.

Not really sure what to say right now.
— Harry 🉐️ (@CryptoHarry_) May 11, 2022

“Saylor’s long term perspective”

The #bitcoin price is set by those with more money and less knowledge than you. In time, they will get the knowledge and you will get the money.
— Michael Saylor⚡️ (@saylor) May 11, 2022

Tags: MARKETS

The markets will react to the CPI data!

The markets are not looking too healthy right now. We are monitoring the situation closely. What’s important is to stay safe fam.

Crypto Banter