🔔 Tonight, U.S. September CPI came in above expectations, putting Bitcoin under pressure.
Data (actual / forecast / previous):
CPI year over year: 3.7% / 3.6% / 3.4%
Core CPI year over year: 2.6% / 2.5% / 2.4%
Both figures exceeded expectations, stoking rate-hike concerns. This is likely to support the U.S. dollar in the short term, while putting pressure on BTC, U.S. stocks, gold, and Treasury prices.
$BTC #CPI
Data (actual / forecast / previous):
CPI year over year: 3.7% / 3.6% / 3.4%
Core CPI year over year: 2.6% / 2.5% / 2.4%
Both figures exceeded expectations, stoking rate-hike concerns. This is likely to support the U.S. dollar in the short term, while putting pressure on BTC, U.S. stocks, gold, and Treasury prices.
$BTC #CPI