CPI higher than expected at 3.7% | Hawkish data lands—can $BTC hold above 83K?
Bottom line: September U.S. CPI came in at 3.7% (vs. 3.6% expected), while core CPI was 2.6% (vs. 2.5% expected). Both topped expectations, a hawkish reading.
Top movers: $BTC 83,027 (-0.5%) | $ETH 2,490 (-0.7%)
Commentary: A 9.1% rise in gasoline prices drove inflation higher, Treasury yields surged, and bets on rate hikes grew. Hawkish data is unfavorable for risk assets. For $BTC, watch support at 82,956 first; if that breaks, 80,951 is next.
Tap $BTC to see the live price. Volatility may pick up tonight, so be mindful of the risks.
This is for personal reference only and does not constitute investment advice.
Bottom line: September U.S. CPI came in at 3.7% (vs. 3.6% expected), while core CPI was 2.6% (vs. 2.5% expected). Both topped expectations, a hawkish reading.
Top movers: $BTC 83,027 (-0.5%) | $ETH 2,490 (-0.7%)
Commentary: A 9.1% rise in gasoline prices drove inflation higher, Treasury yields surged, and bets on rate hikes grew. Hawkish data is unfavorable for risk assets. For $BTC, watch support at 82,956 first; if that breaks, 80,951 is next.
Tap $BTC to see the live price. Volatility may pick up tonight, so be mindful of the risks.
This is for personal reference only and does not constitute investment advice.