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📡 MARKET FRIDAY Nearly US$ 1 billion in positions were liquidated in the crypto market in 24 hours. Bitcoin, U.S. inflation, and the U.S. stock market are among the week’s highlights (Oct. 12–16). Here’s a roundup of what moved the market 👇
🌎 U.S. inflation September’s CPI came in at 3.7% year over year, above expectations. Core inflation, which excludes energy and food, came in at 2.6%. Why does it matter? Interest rate expectations affect how investors behave in stock and crypto markets.
📊 U.S. stock market The S&P 500, an index that tracks major U.S. companies, saw some brief recoveries during the week but is heading for its first weekly decline after a series of gains: about 1.4%, as investors reduce their exposure to the technology sector.
₿ Bitcoin BTC fell below US$ 80 thousand and climbed back above US$ 81 thousand. In the crypto market, liquidations reached nearly US$ 1 billion in 24 hours, across all cryptocurrencies—not just Bitcoin. Liquidation: the automatic closing of leveraged positions when there isn’t enough collateral.
🥇 Gold Gold fell over the course of the week and is trading near US$ 4.180 in the spot market. Spot market prices can be below futures prices, which are trading at higher levels.
📌 The week in perspective 🌎 U.S. inflation on investors’ radar 📊 U.S. stocks heading for a down week ₿ Bitcoin up, with volatility 🥇 Gold fell in the spot market
Which highlight caught your attention most? 👇
⚠️ Crypto assets involve risks and can experience sharp price swings. This post does not constitute investment advice.