The latest released US Producer Price Index ( PPI ) data far exceeded expectations, causing market turbulence. The data shows that US corporate costs have risen to 3.3%, surpassing economists' predictions. This data means that companies are facing higher production cost pressures and are likely to pass these costs on to consumers, leading to sustained price increases.

In the face of this situation, market expectations for a recent interest rate cut by the Federal Reserve have sharply declined. The rate cut cycle, originally expected to begin in September, may be forced to delay in response to persistent inflationary pressures. This change in expectations has had a significant impact on the financial markets, with both the U.S. stock market and the cryptocurrency market experiencing notable declines.

However, for some long-term investors who are optimistic about cryptocurrency, the current market adjustment may be seen as a potential entry opportunity. They believe that this short-term price pullback could lay the groundwork for a rebound in the future.

Nevertheless, investors still need to be cautious. Inflationary pressures persist, coupled with geopolitical risks and global economic uncertainties, which may continue to affect market trends. In this complex economic environment, investors should closely monitor economic indicators and policy changes and adjust their investment strategies accordingly.