$BTC Suddenly plunged nearly 2k in just a few moves, amid Brent crude prices rising to 106.8, up about 2.09%, stoking inflation concerns and making it harder for the Fed to cut interest rates. Meanwhile, the USD is near its highest level in 18 months, and U.S. bond yields are rising. On top of that, the U.S. September inflation report will be released at 8:30 on October 14 (around 19:30 Vietnam time). Although it’s not yet clear whether these factors directly caused BTC to fall, they could still affect investor expectations in the near term. For now, we need to watch whether BTC can hold this price level. $BTC #TinFed

$BTC Suddenly plunged nearly 2k in just a few moves, amid Brent crude prices rising to 106.8, up about 2.09%, stoking inflation concerns and making it harder for the Fed to cut interest rates. Meanwhile, the USD is near its highest level in 18 months, and U.S. bond yields are rising. On top of that, the U.S. September inflation report will be released at 8:30 on October 14 (around 19:30 Vietnam time).
Although it’s not yet clear whether these factors directly caused BTC to fall, they could still affect investor expectations in the near term. For now, we need to watch whether BTC can hold this price level.
$BTC
#TinFed