📊 Midday Deep Dive | PPI surges to record highs, rate hikes are nearing—what does BTC losing $77,000 mean?
Macro data: The U.S. August PPI came in at 5.4% year-over-year, beating expectations. The probability of a September Fed rate hike rose to 70%. Two-year Treasury yields touched 4.58%, the highest level since 2024. The ECB also raised rates by 25 bps on the same day. Global liquidity is tightening, and risk assets are under broad pressure.
Market performance: $BTC 24 hours fell 1.86% to $76,914, with a low of $76,464; $ETH was down 1.14% to 2,448; $BNB fell 1.47% to 712. Escalating conflicts in the Middle East pushed Brent crude to $107, with both safe-haven demand and inflation concerns weighing on prices.
Key takeaways (in depth): ① Canary staking TRX ETF (TRXS) lists on the CBOE—its institutionalization process has not stopped; ② Hunter Biden’s meme coin, LAPTOP, saw its 300-billion-dollar-plus FDV collapse to under $1—down 99.9%. Here’s another example of the cost of meme mania. In a rate-hike cycle, surviving matters more than chasing highs.
NFA | DYOR
#比特币 #BTC #加密货币 #美联储 #Web3
Macro data: The U.S. August PPI came in at 5.4% year-over-year, beating expectations. The probability of a September Fed rate hike rose to 70%. Two-year Treasury yields touched 4.58%, the highest level since 2024. The ECB also raised rates by 25 bps on the same day. Global liquidity is tightening, and risk assets are under broad pressure.
Market performance: $BTC 24 hours fell 1.86% to $76,914, with a low of $76,464; $ETH was down 1.14% to 2,448; $BNB fell 1.47% to 712. Escalating conflicts in the Middle East pushed Brent crude to $107, with both safe-haven demand and inflation concerns weighing on prices.
Key takeaways (in depth): ① Canary staking TRX ETF (TRXS) lists on the CBOE—its institutionalization process has not stopped; ② Hunter Biden’s meme coin, LAPTOP, saw its 300-billion-dollar-plus FDV collapse to under $1—down 99.9%. Here’s another example of the cost of meme mania. In a rate-hike cycle, surviving matters more than chasing highs.
NFA | DYOR
#比特币 #BTC #加密货币 #美联储 #Web3