There’s a new development on the macro front: “Macquarie: The expected acceleration in US CPI in September is unlikely to prompt the Fed to raise rates in October.”
The macro backdrop is cooling, and risk appetite could easily contract, putting crypto assets under short-term pressure. The key thing to watch is whether selling pressure is released all at once or continues as a gradual decline.
$BTC Current price: 83725.94. Keep an eye on it.
#BTC
The macro backdrop is cooling, and risk appetite could easily contract, putting crypto assets under short-term pressure. The key thing to watch is whether selling pressure is released all at once or continues as a gradual decline.
$BTC Current price: 83725.94. Keep an eye on it.
#BTC