A quick update on something that just happened: U.S. CPI rose 3.7% year over year in September, above market expectations, and the probability of a Fed rate hike in October climbed to 43.7%.
I was planning to take a break right about now, but the moment this news popped up, my resolve instantly crumbled. Macroeconomic data affects interest rate expectations, and crypto prices move with interest rates—not with the numbers themselves.
$BTC Intraday: -2.02%
#BTC
Crypto assets are highly volatile, so don’t use too much leverage.
I was planning to take a break right about now, but the moment this news popped up, my resolve instantly crumbled. Macroeconomic data affects interest rate expectations, and crypto prices move with interest rates—not with the numbers themselves.
$BTC Intraday: -2.02%
#BTC
Crypto assets are highly volatile, so don’t use too much leverage.