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Decades of mismanaged oil wealth, sanctions, and money printing finally hit. Inflation is sky high 36%–42%, confidence is gone, and the rial keeps bleeding.
Short term boost for exports, but long-term pain is coming. Traders, watch this space.
Today’s US CPI data is expected at 2.7% at 20:30EDT.
A lower than expected CPI = bullish for risk assets, while a higher CPI = bearish, strengthening the dollar and pressuring crypto and stocks. Volatility is expected around the release trade carefully, manage risk, and wait for confirmation before entering positions. #StrategyBTCPurchase#USNonFarmPayrollReport#USNonFarmPayrollReport
$ZEC Zcash (ZEC) is falling sharply after the entire core development team (Electric Coin Company) resigned due to governance conflicts with the nonprofit board. The team plans to start a new project, leaving uncertainty over Zcash’s future upgrades.
• ZEC lost ~15–20% in days amid market panic
• Price impacted by loss of developer confidence
• Protocol still works, but uncertain leadership worries investors