GateToken’s Recent Decline: A Broad Crypto Selloff, Not Project-Specific News
Over the last day, the available evidence points to a broad crypto market risk-off move driven by macro data and liquidations rather than any GateToken specific news or event.
Macro Inflation Shock And Rate Expectations
US inflation data released in this window came in “hot,” reinforcing expectations of tighter monetary policy and weighing on risk assets.
- September CPI rose 3.7% year over year and 0.6% month over month, with core CPI up 0.3% month over month and 2.6% year over year, stronger than many market participants were positioned for.
- Gasoline jumped about 9.1% month over month, contributing more than half of the CPI’s monthly increase, and…
