🚨 US PPI BRINGS SLIGHT RELIEF FOR BITCOIN! BUT IS A DECEMBER FED RATE HIKE STILL COMING? 👀
US PPI came in slightly below expectations at 6.5% vs. 6.6%, giving the crypto market some breathing room. However, inflation remains elevated.
📊 Key Highlights:
* PPI: 6.5% vs. 6.6% expected.
* Core PPI: Still elevated at 5.0% YoY.
* Fed rate hike probability: Around 89.7%.
* November 18 FOMC Minutes are the next key event.
₿ What About Crypto?
Bitcoin ($BTC ) is struggling to recover above $70K after recent selling pressure. Ethereum ($ETH ) and Solana ($SOL ) also remain sensitive to macroeconomic uncertainty.
⚠️ Lower PPI is positive, but persistent inflation and a possible December rate hike could keep pressure on the market.
My view: Watch $70K on Bitcoin closely. A strong reclaim could improve sentiment, while another rejection may invite fresh selling.
What do you think, fam? Can BTC recover above $70K, or will sellers take control again? 👇
#CryptoSelloffTriggersMultipleWhaleLiquidations #KavaSaysAbnormalActivityLimitedToKavaLend
US PPI came in slightly below expectations at 6.5% vs. 6.6%, giving the crypto market some breathing room. However, inflation remains elevated.
📊 Key Highlights:
* PPI: 6.5% vs. 6.6% expected.
* Core PPI: Still elevated at 5.0% YoY.
* Fed rate hike probability: Around 89.7%.
* November 18 FOMC Minutes are the next key event.
₿ What About Crypto?
Bitcoin ($BTC ) is struggling to recover above $70K after recent selling pressure. Ethereum ($ETH ) and Solana ($SOL ) also remain sensitive to macroeconomic uncertainty.
⚠️ Lower PPI is positive, but persistent inflation and a possible December rate hike could keep pressure on the market.
My view: Watch $70K on Bitcoin closely. A strong reclaim could improve sentiment, while another rejection may invite fresh selling.
What do you think, fam? Can BTC recover above $70K, or will sellers take control again? 👇
#CryptoSelloffTriggersMultipleWhaleLiquidations #KavaSaysAbnormalActivityLimitedToKavaLend
