Hot CPI just shook the whole market. The US Bureau of Labor Statistics reported October CPI up 0.4% month over month, hotter than the 0.3% everyone expected, and core came in at 0.3% vs 0.2% forecast. $BTC dropped below $73,000 for the first time in almost three months and $ETH slid toward $2,000, with about $178M in longs wiped out within an hour of the print (TokenPost, via Brave New Coin on TradingView).
My take: this kills the easy rate-cut hope, and the Fed meets Dec 9 without seeing the cooler November number first. $72,700 is the line to watch now.
Do you think $BTC holds $72,700, or are we heading lower?
No buy/sell call, just the market. Not financial advice.
#Bitcoin #Ethereum #Crypto
My take: this kills the easy rate-cut hope, and the Fed meets Dec 9 without seeing the cooler November number first. $72,700 is the line to watch now.
Do you think $BTC holds $72,700, or are we heading lower?
No buy/sell call, just the market. Not financial advice.
#Bitcoin #Ethereum #Crypto
