$BTC Bitcoin falls to $73 ahead of U.S. inflation data: Is another interest rate hike on the horizon?
The crypto market is starting this Tuesday cautiously. Bitcoin is down 1.4%, hovering around $74,200, as investors adjust their positions ahead of the release of the U.S. Consumer Price Index (CPI) for October.
1. The spark: A hawkish message from the Federal Reserve.
Federal Reserve Governor Christopher Waller tempered optimism by saying he supports maintaining a restrictive policy—and even raising interest rates—even as inflation shows signs of easing. He also warned that a hike of up to 50 basis points could be on the table if the data come in higher than expected.
Current probabilities reflected in the CME FedWatch tool point to a 25-basis-point cut at the December 9 meeting.
2. The macroeconomic picture:
The energy market saw some relief: West Texas Intermediate (WTI) crude fell 2% to near $84 a barrel, following signs of de-escalation with Iran, which could help ease inflationary pressures in the medium term.
Bitcoin remains in a critical technical zone, defending the $73,700–$74,000 range as immediate support.
Do you think inflation data in line with expectations will trigger a rebound toward $76,000, or not?
$BTC
#AnthropicRejectsIPODelayValuationinQuestion #CPITestsDecemberRateOutlook
The crypto market is starting this Tuesday cautiously. Bitcoin is down 1.4%, hovering around $74,200, as investors adjust their positions ahead of the release of the U.S. Consumer Price Index (CPI) for October.
1. The spark: A hawkish message from the Federal Reserve.
Federal Reserve Governor Christopher Waller tempered optimism by saying he supports maintaining a restrictive policy—and even raising interest rates—even as inflation shows signs of easing. He also warned that a hike of up to 50 basis points could be on the table if the data come in higher than expected.
Current probabilities reflected in the CME FedWatch tool point to a 25-basis-point cut at the December 9 meeting.
2. The macroeconomic picture:
The energy market saw some relief: West Texas Intermediate (WTI) crude fell 2% to near $84 a barrel, following signs of de-escalation with Iran, which could help ease inflationary pressures in the medium term.
Bitcoin remains in a critical technical zone, defending the $73,700–$74,000 range as immediate support.
Do you think inflation data in line with expectations will trigger a rebound toward $76,000, or not?
$BTC
#AnthropicRejectsIPODelayValuationinQuestion #CPITestsDecemberRateOutlook
