#KuCoinWeeklyReport The market experienced a nerve-wracking weekend following the release of the hot CPI data and the outbreak of the Iran-Israel conflict. A selloff quickly ensued, with BTC being dragged down to as low as $60.8k, nearly erasing the gains of altcoins for the year. The hotter-than-expected inflation reports have likely shaken policymakers' confidence in the progress and signaled a potential delay in rate cuts. Given the uncertain macro and geopolitical situation, it is worth considering hedging your position to mitigate further downside risk. - Funding rates across the board have been reset and briefly turned negative after the risk-off event. - The once-every-four-years Bitcoin Halving will take place in 3 days. How the market will react to this impending event remains to be seen. - The tokenized gold $PAXG traded at all-time-high as a hedge against inflation and amid the tension between Iran and Israel. - New listings this week include $BLOCK, $ZEUS.
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