Just saw the new CPI numbers.
Inflation came in hotter than expected — 3.7% for the year and gas prices jumped hard. Core inflation also a bit higher than people thought.
Bitcoin already dropped about $1,000 right after the data dropped.
When inflation stays sticky like this, the Fed usually stays tougher on rates. That usually means risk assets like $BTC feel the pressure.
Short-term? Looks more like a dump than a pump for now.
Not financial advice, just reading the numbers. What do you think — bounce or more pain?
#CPIWatch
Inflation came in hotter than expected — 3.7% for the year and gas prices jumped hard. Core inflation also a bit higher than people thought.
Bitcoin already dropped about $1,000 right after the data dropped.
When inflation stays sticky like this, the Fed usually stays tougher on rates. That usually means risk assets like $BTC feel the pressure.
Short-term? Looks more like a dump than a pump for now.
Not financial advice, just reading the numbers. What do you think — bounce or more pain?
#CPIWatch