Before the CPI release, the probability that the Fed will keep interest rates unchanged in October is 78.4%.
When macro news affects the crypto market, I look at it in two steps:
First: The news is somewhat bearish, so sentiment may cool.
Then: Check whether U.S. stocks and $BTC react in sync. A synchronized reaction means the market is pricing in macro factors; if they diverge, internal crypto-market dynamics matter more.
$BTC is currently at 82834.76, down 0.53% over 24 hours.
#BTC
When macro news affects the crypto market, I look at it in two steps:
First: The news is somewhat bearish, so sentiment may cool.
Then: Check whether U.S. stocks and $BTC react in sync. A synchronized reaction means the market is pricing in macro factors; if they diverge, internal crypto-market dynamics matter more.
$BTC is currently at 82834.76, down 0.53% over 24 hours.
#BTC