₿ Bitcoin is recovering toward $79,100 after dipping into the mid-$76Ks earlier. 📈
Key drivers:
• 📊 August CPI: +0.4% MoM / +3.4% YoY
Core CPI: +0.3% MoM / +2.4% YoY
• 💸 Spot Bitcoin ETF outflows: Approximately $450M over the past three days
• 🛢️📈 Oil prices and Treasury yields are rising amid Middle East tensions, increasing expectations of a rate hike at next week’s Fed meeting.
Key drivers:
• 📊 August CPI: +0.4% MoM / +3.4% YoY
Core CPI: +0.3% MoM / +2.4% YoY
• 💸 Spot Bitcoin ETF outflows: Approximately $450M over the past three days
• 🛢️📈 Oil prices and Treasury yields are rising amid Middle East tensions, increasing expectations of a rate hike at next week’s Fed meeting.