Bitcoin is trading around US$83,500 on October 14, Ethereum is near US$2,500, and many altcoins are in the red.
The focus is on the U.S. September CPI. Forecasts ahead of the release point to headline inflation rising from August’s 3.4% to between 3.6% and 3.7%, while core inflation is expected to come in around 2.4–2.5%.
A higher-than-expected reading could give the Fed grounds for another rate hike before the end of the year, which tends to put pressure on risk assets. A more moderate reading could help fuel a recovery. 👀
⚠️ Risk warning: Digital asset prices can be volatile, and you may not recover the amount you invest. This is not financial advice. Learn more in our Terms of Use and Risk Warning.
#Bitcoin #IPC #Fed
The focus is on the U.S. September CPI. Forecasts ahead of the release point to headline inflation rising from August’s 3.4% to between 3.6% and 3.7%, while core inflation is expected to come in around 2.4–2.5%.
A higher-than-expected reading could give the Fed grounds for another rate hike before the end of the year, which tends to put pressure on risk assets. A more moderate reading could help fuel a recovery. 👀
⚠️ Risk warning: Digital asset prices can be volatile, and you may not recover the amount you invest. This is not financial advice. Learn more in our Terms of Use and Risk Warning.
#Bitcoin #IPC #Fed