Typically, investors reduce their exposure to risk during times of rising inflation, which is not just a U.S. issue. The median global inflation rate is now 7.9% year over year, versus 3.05% last June, according to Deutsche Bank. “The shock value from U.S. inflation has lessened even if today’s print was pretty shocking in itself,” the bank wrote in a research note.
Source: https://www.coindesk.com/markets/2022/06/10/market-wrap-bitcoin-and-stocks-drop-analysts-see-risk-of-further-downside/?utm_medium=referral&utm_source=rss&utm_campaign=headlines