Inflation, Tariffs and Nvidia GPUs Dey Shake Crypto Markets
US market dem respond to new inflation data, new tariffs and Nvidia GPU export approval, wey make crypto market dey uncertain. June Consumer Price Index rise 0.3% month-on-month and 2.7% year-on-year, with core inflation at 2.9%, dis make people dey fear say Fed go tighten policy. President Biden announcement say dem go put 30% tariff on EU and Mexico imports from August 1 fit still put pressure for prices. Equity indices no balance: Dow drop 0.5%, S&P 500 drop small from record high, Nasdaq rise 0.5% because Nvidia fit export advanced H20 GPUs to China. Bank earnings mixed – Wells Fargo cut guidance but JPMorgan, BlackRock and Citigroup make small gain – e add to market wahala. Crypto traders suppose dey watch CPI trends, Fed signals and trade developments for clues about liquidity and risk appetite. Even though high inflation and tariffs fit affect risk assets, crypto market fit enjoy demand for AI-driven hardware and Nvidia sales for China medium term.
Neutral
Di tori inflation spike plus new tariffs dey increase risk to fall for crypto as dem dey make tighter monetary policy plus less liquidity to show. On di oda hand, Nvidia approval to export GPUs go China plus steady AI hardware demand dey support risk assets and digital currencies. Dis kind opposite force mean say impact go neutral: short-term wahala fit rise, but medium-term sentiment fit cool down if Nvidia demand fit help crypto market.