Why does crypto rise instead when CPI data and rate-hike expectations heat up?
After the PPI was released last night, the market had already panicked for a round, and the rate cut was priced in early.
This time, core CPI at 0.3% came in above expectations of 0.2%, but the rest of the data met expectations and there was no worse-than-feared outcome.
After the rate cut materialized, there were no new bad messages. Traders took profits and closed positions, while replenishing capital brought on a tightening-and-bullish rally, pushing coin prices higher. $ZEC
$ETH
$SOL
#CPI数据来袭能否触发9月加息 #美国8月核心CPI环比涨0.3%超预期
After the PPI was released last night, the market had already panicked for a round, and the rate cut was priced in early.
This time, core CPI at 0.3% came in above expectations of 0.2%, but the rest of the data met expectations and there was no worse-than-feared outcome.
After the rate cut materialized, there were no new bad messages. Traders took profits and closed positions, while replenishing capital brought on a tightening-and-bullish rally, pushing coin prices higher. $ZEC
$ETH
$SOL
#CPI数据来袭能否触发9月加息 #美国8月核心CPI环比涨0.3%超预期