🚨🔥 INFLATION IN THE US ACCELERATED AGAIN, AND $BTC LOST $1000 IN MINUTES 📉⚡
US inflation rose to 3.7% in September, up from 3.4% in August (the forecast was 3.6%) 🇺🇸 The core reading (excluding food and energy) came in at 2.6% instead of the expected 2.5%, while the monthly increase was +0.3% instead of +0.2%. The market once again began pricing in a possible Fed rate hike.
The reaction was immediate: BTC fell from $83,800 to $82,800, the 10-year bond yield rose to 5.28%, and Nasdaq futures slid 0.65% 💥 The nearest key support level is $80,000, with resistance at $84,000 ⚠️ Over 4 sessions, $773 million flowed out of BTC ETFs, so institutional demand is weak 🏦
The next test for the market is the Fed meeting on October 27–28 📅
What do you think—will BTC hold $80K, or will high interest rates continue to weigh on crypto for a long time? 👇🤔
#BTC #cpi #Fed #Crypto
US inflation rose to 3.7% in September, up from 3.4% in August (the forecast was 3.6%) 🇺🇸 The core reading (excluding food and energy) came in at 2.6% instead of the expected 2.5%, while the monthly increase was +0.3% instead of +0.2%. The market once again began pricing in a possible Fed rate hike.
The reaction was immediate: BTC fell from $83,800 to $82,800, the 10-year bond yield rose to 5.28%, and Nasdaq futures slid 0.65% 💥 The nearest key support level is $80,000, with resistance at $84,000 ⚠️ Over 4 sessions, $773 million flowed out of BTC ETFs, so institutional demand is weak 🏦
The next test for the market is the Fed meeting on October 27–28 📅
What do you think—will BTC hold $80K, or will high interest rates continue to weigh on crypto for a long time? 👇🤔
#BTC #cpi #Fed #Crypto