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Crypto Bounces Back. ETH DGAF. YCC Is the Acronym of the Week

·1 min read

Strange times these. The human brain has an infinite capacity for making the best of a bad situation. COVID hasn’t gone away, it’s still very much with us. But like Dua Lipa peeps be all like IDGAF. Celsius declares bankruptcy. The $CEL token pumps 9%.

The Euro finally reclaimed its dollar peg this week before lapsing by a cent to end it recklessly short of a century on 99. Marooned in a sea of dollar bills that nobody seems to quite know what to do with. The CPI inflation data published this week was higher than expected at 9.1% raising the spectre of you, me, and all our financially woke chums having to learn yet another three letter acronym to wow our less woke chums at all the summer parties we’re now going to be attending because COVID was just an elaborate piece of ambulatory theatre. YCC – Yield Curve Control.