šØ THE FED HASNāT RAISED RATES YETāIS THE CPI SHOCK THREATENING CRYPTO?
š The U.S. financial markets have just received a worrying signal!
Septemberās CPI report showed U.S. inflation rose 3.7% year over year, while core CPI rose 2.6%, higher than forecast.
š„ Before the report, markets strongly expected the Fed to hold rates steady at its October 27ā28 meeting. But after the CPI data, the odds of a rate hike rose to around 44%, according to Reuters. The U.S. dollar strengthened and Treasury yields rose, putting pressure on risk assets.
š° Bitcoin fell below $82,000, down more than 2%. Ethereum, XRP, and Solana also fell nearly 3% at the time The Block reported.
š Market outlook: If the Fed continues signaling tighter policy, liquidity and risk appetite could weaken, putting further pressure on $BTC and altcoins. Conversely, if rate-hike expectations cool, crypto could have a chance to recover.
Key things to watch are CPI, Treasury yields, the U.S. dollar, and expectations for Fed rates.
š Do you think Bitcoin will recover or remain under pressure ahead of the Fed meeting?
#Fed #CPIWatch
š The U.S. financial markets have just received a worrying signal!
Septemberās CPI report showed U.S. inflation rose 3.7% year over year, while core CPI rose 2.6%, higher than forecast.
š„ Before the report, markets strongly expected the Fed to hold rates steady at its October 27ā28 meeting. But after the CPI data, the odds of a rate hike rose to around 44%, according to Reuters. The U.S. dollar strengthened and Treasury yields rose, putting pressure on risk assets.
š° Bitcoin fell below $82,000, down more than 2%. Ethereum, XRP, and Solana also fell nearly 3% at the time The Block reported.
š Market outlook: If the Fed continues signaling tighter policy, liquidity and risk appetite could weaken, putting further pressure on $BTC and altcoins. Conversely, if rate-hike expectations cool, crypto could have a chance to recover.
Key things to watch are CPI, Treasury yields, the U.S. dollar, and expectations for Fed rates.
š Do you think Bitcoin will recover or remain under pressure ahead of the Fed meeting?
#Fed #CPIWatch