Today, key economic indicators were released in the US, the market, and especially cryptocurrencies due to their volatility have reacted negatively. Below, I explain the fundamentals to understand this type of news:

U.S. PPI ( Producer Price Index ) 0.9% actual vs expected: 0.2%
What it means: a higher number indicates increasing costs for producers, which may eventually be passed on to consumers as higher prices(inflation).
U.S. PPI Core 0.9% M/M, Expected: 0.2%

U.S. PPI Core 0.9% M/M, Expected: 0.2%,
What it means: much stronger than predicted, pointing to persistent inflation without short-term fluctuations.

U.S. Jobless Claims Rise to 224,000; Estimated: 225,000
It is a real-time indicator of the health of the labor market, lower numbers mean fewer layoffs and a stronger labor market. The labor market is very timidly holding up well.

What to expect? My personal opinion is that all of this for #Bitcoin, # Ethereum and the rest of the cryptocurrencies is going to be a temporary correction of a market that was overheated and needs to breathe a bit. In any case, the fundamentals do not change and institutional interest remains intact. I see buying opportunities for those who arrived late.