Inflation over in Singapore has gone up a lot like the rest of the world, but I think there are efforts on the monetary and fiscal front to lessen the impact, so it's not as bad as some other places. Core CPI was 4.4% yoy and headline inflation was 6.7% yoy in June.
From what I see, which could be wrong, I think cryptos at the moment seem to correlate more with technology stocks (like the Nasdaq).
It's true that crypto correlates with technology at the moment. The reason behind it is that I believe that big investors consider crypto as very risky and consider them on a similar basis than technoly titles. This doesn't mean however that the value of BTC for example is reflected correctly. I believe that in the long run it will be good to own crypto.
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Thank you!