Cryptocurrency analyst: Bitcoins current correction level is still below the average
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Following the rally in US tech stocks, South Korea’s KOSPI jumps 3%, SK Hynix surges nearly 6%, Kioxia rises 8%, and US-Iran oil tanker clashes drive oil prices higher
The current market is focused on two key issues: first, the escalating geopolitical risks in the Middle East, with maritime clashes between the US and Iran and the US hinting at possibly directly destroying Iran's nuclear capabilities, which has driven up oil prices and inflation concerns; second, the release of the US CPI data this Friday, which is expected to be decisive in determining whether the Federal Reserve will raise rates in September. Meanwhile, hawkish expectations from the Bank of Japan are reshaping the trajectory of the yen.
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