🚨 Crypto Market 12/10
🔥 Early-week update: $BTC is nearing $84,000, while $STRK rose 75% over the weekend, $GRASS gained 28%, and $S climbed 23%. However, these prices and moves have not been independently verified.
📉 Institutional fund flows are what to watch. The update reports net outflows of $681.1 million from Bitcoin ETFs and $542 million from Ethereum ETFs last week. If confirmed, this signals caution, even as some altcoins surge.
🌍 This week’s main focus is U.S. inflation!
On October 14, the U.S. will release September CPI data; on October 15, it will release PPI data. Both are scheduled for 7:30 p.m. Vietnam time.
If inflation comes in above expectations, bond yields and the U.S. dollar could face upward pressure, weighing on risk assets such as Bitcoin. Conversely, lower-than-expected data could boost market sentiment.
⚠️ Perspective: A strong altcoin rally alone isn’t enough to confirm an Altcoin Season. Keep an eye on ETF flows, Bitcoin Dominance, and the market’s reaction after CPI.
💬 Do you think Bitcoin will break out or remain volatile ahead of the inflation data?
🔥 Early-week update: $BTC is nearing $84,000, while $STRK rose 75% over the weekend, $GRASS gained 28%, and $S climbed 23%. However, these prices and moves have not been independently verified.
📉 Institutional fund flows are what to watch. The update reports net outflows of $681.1 million from Bitcoin ETFs and $542 million from Ethereum ETFs last week. If confirmed, this signals caution, even as some altcoins surge.
🌍 This week’s main focus is U.S. inflation!
On October 14, the U.S. will release September CPI data; on October 15, it will release PPI data. Both are scheduled for 7:30 p.m. Vietnam time.
If inflation comes in above expectations, bond yields and the U.S. dollar could face upward pressure, weighing on risk assets such as Bitcoin. Conversely, lower-than-expected data could boost market sentiment.
⚠️ Perspective: A strong altcoin rally alone isn’t enough to confirm an Altcoin Season. Keep an eye on ETF flows, Bitcoin Dominance, and the market’s reaction after CPI.
💬 Do you think Bitcoin will break out or remain volatile ahead of the inflation data?