The 9 point increase in sentiment was short lived and lead to a 7 point drop overnight after a 9% crash in $BTC (+1,25 %) . This left bitcoin struggling at the 20.3k mark but hasn't fallen below the 20k barrier. This of course is mirroring the S&P 500 which also took a dive yesterday too after the higher-than-expected CPI inflation data.

The Terra chains seem to ignore current data and work in the exact opposite way to the rest of the market. $LUNC (+1,17 %) is up 5.5%, USTC is up 4.5% and LUNA is up 1.3%. Very few alts in the top 100 remain unscathed in the dip.$AVAX (+6,25 %) and $EOS (+2,06 %) both dropped by over 10% and $SOL (+5,14 %) by 12%. There will be to be a bit of regrouping before the 21st rate increase but it won't be easy and plain sailing.

Staying strong now is going to pay off one day in my opinion.

Cheers Crypto Boyz and Girlz!