Bitcoin Faces a Crucial Week: These US Events Could Decide BTC’s Next Big Move
Risk-on assets are bracing for significant volatility as investors await critical inflation data ahead of the upcoming September 15-16 FOMC meeting. Thursday's August PPI release and Friday's CPI report will serve as major tests, with headline PPI expected to rise 0.4% and annual consumer inflation estimated to hover around 3.3% to 3.4%.
Following a hawkish Fed stance that recently drove prices down, Bitcoin is currently stabilizing near $80,000. However, a hotter-than-expected CPI reading could reinforce rate hike expectations and trigger another major market correction.
#Bitcoin $BTC
Risk-on assets are bracing for significant volatility as investors await critical inflation data ahead of the upcoming September 15-16 FOMC meeting. Thursday's August PPI release and Friday's CPI report will serve as major tests, with headline PPI expected to rise 0.4% and annual consumer inflation estimated to hover around 3.3% to 3.4%.
Following a hawkish Fed stance that recently drove prices down, Bitcoin is currently stabilizing near $80,000. However, a hotter-than-expected CPI reading could reinforce rate hike expectations and trigger another major market correction.
#Bitcoin $BTC
