🚨 Markets Are Facing a Major Reality Check

Anthropic is reportedly planning a massive IPO before Thanksgiving, targeting a valuation of $1.25T–$1.75T and looking to raise $80B–$100B, even as the tech sector faces selling pressure.

Meanwhile, US markets closed mixed on Friday, but semiconductor stocks showed strong recovery, with the Philadelphia Semiconductor Index jumping 4.21%.

The latest jobs data came in stronger than expected:
📊 October payrolls: 165K vs. 65K expected

📊 Unemployment: 4.1%

This has pushed the probability of a December Fed rate hike to 78%, up from 70%.

Now, all eyes are on Tuesday’s CPI report:
• Headline CPI forecast: 3.7%

• Core CPI forecast: 2.5%

Bitcoin is also facing pressure, with spot BTC ETFs recording $412M in outflows, including $403M from BlackRock’s IBIT.

On the other side, China’s central bank continues accumulating gold, extending its buying streak to two years.

My take: Inflation and Fed policy remain the biggest factors to watch. The upcoming CPI data could bring serious volatility across crypto and traditional markets.

Stay alert. The next move could be significant. 👀

#Bitcoin #Crypto #BTC #Binance #CPI #FederalReserve #Markets