Macro Blow to Altcoins 💥

New US inflation data hit not only Bitcoin but also dozens of altcoins, even though nothing changed within the projects themselves.
Bitcoin dropped below $82,000: core CPI came in higher than expected, and the market is talking about a Fed rate hike again 🏦 This was followed by liquidations totaling nearly $1 billion 🔥

Alts took just as much of a beating. Cronos lost around 7% 📉, Dash about 8% 🔻, and Render around 4% ⬇️ The reason lies not in project news, but in the market's reaction to macro data: everything went down together 🛡.

It is obvious that altcoin diversification does not work at times like this 📊. When everything crashes, coins start moving as one, and "different" assets in a portfolio stop hedging each other 🔗

A manual trader suffers twice as much on a day like this. Fear drives them to sell at the absolute bottom 😰 And with leverage, a sharp move wipes out a position before you even have time to react ⚡️💸

While manual trading is suffering losses due to a sharp spike in asset correlation, Elementex bots 🤖 closed a series of trades with quick rebounds during 24 hours of aggressive market turbulence, achieving an average result of +9.8% ROI 📈, proving that a mathematical algorithm is always more efficient 📊.

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