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The following is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin magazine premium markets newsletter. To be among the first to receive this information and other on-chain bitcoin market analysis straight to your inbox, Subscribe now.

Inflation is not over

Despite the general consensus and the sentiment of good news on inflation last month, the higher than expected US consumer price index (CPI) in August derailed any short-term bullish momentum for risk assets. which had been building over the past week. As a result, stock, bitcoin, and credit returns surged with some volatility today. The S&P 500 index closed down 4.3%, with bitcoin trailing more than 10% lower. The last time this happened for stocks in June 2020.

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