The 3.7% CPI settles it: BTC is down over 1%—how can it lead the altcoins now?
CPI came in at 3.7% year over year, 0.1 percentage point above everyone’s expectations. Don’t let that 0.1 fool you—it just tore up the “inflation has peaked and is coming down” script.
The real problem wasn’t just that headline CPI beat expectations; core CPI came in hot too. The market had priced in 3.6% as “bad news we could live with,” but when the actual figures came out, even core inflation was climbing. This isn’t inflation easing because of energy-price fluctuations—it’s persistent at its roots.
BTC reacted first, falling over 1% after the data came out. The technical picture was already weak, and now macro has dealt it another blow. Any short-term rebound will take a leap of faith.
DOT had it worse, at $1.13. The moment CPI came out, altcoins turned into ATMs, with capital retreating to BTC for safety. Who cares whether it’s $1.13 or $1.12?
DOGE spot ETFs have also seen sustained outflows this week. When even BTC can’t catch a bid on good news, small-cap coin ETFs are even less likely to attract interest.
My take: this CPI report has extinguished the last glimmer of hope for rate cuts this year. BTC will most likely chop around $80,000 over the next week or two, while altcoins continue to bleed.
Tonight, let’s see if Old Ma’s little dog can ride this wave of hype to the next level—the data is out, time to see how it plays out 🐶
🐶 Let’s check out Old Ma’s little dog together ✨🚀
CPI came in at 3.7% year over year, 0.1 percentage point above everyone’s expectations. Don’t let that 0.1 fool you—it just tore up the “inflation has peaked and is coming down” script.
The real problem wasn’t just that headline CPI beat expectations; core CPI came in hot too. The market had priced in 3.6% as “bad news we could live with,” but when the actual figures came out, even core inflation was climbing. This isn’t inflation easing because of energy-price fluctuations—it’s persistent at its roots.
BTC reacted first, falling over 1% after the data came out. The technical picture was already weak, and now macro has dealt it another blow. Any short-term rebound will take a leap of faith.
DOT had it worse, at $1.13. The moment CPI came out, altcoins turned into ATMs, with capital retreating to BTC for safety. Who cares whether it’s $1.13 or $1.12?
DOGE spot ETFs have also seen sustained outflows this week. When even BTC can’t catch a bid on good news, small-cap coin ETFs are even less likely to attract interest.
My take: this CPI report has extinguished the last glimmer of hope for rate cuts this year. BTC will most likely chop around $80,000 over the next week or two, while altcoins continue to bleed.
Tonight, let’s see if Old Ma’s little dog can ride this wave of hype to the next level—the data is out, time to see how it plays out 🐶
🐶 Let’s check out Old Ma’s little dog together ✨🚀
