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CoinGape

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Business & Economics

Crypto market faces severe turbulence amid macroeconomic events. Here’s what’s happening

CoinGape
Summary
Nutrition label

63% Informative

Bitcoin (BTC) and altcoins have shown resilience, preventing further downside price momentum in the past seven days .

US CPI and PPI data for January came in hotter than expected this week , at 3% YoY.

Donald Trump’s new tariffs have birthed severe concerns about a global trade war approaching.

XRP emerged as another hot buzz this week as the U.S. SEC acknowledged Grayscale and 21SaharesXRP ETF filing.

In turn, market participants remain highly optimistic about the crypto market's future prospects.

VR Score

53

Informative language

51

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37

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formal

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English

Language complexity

47

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not offensive

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not hateful

Attention-grabbing headline

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not detected

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short-lived

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