🚨 BITCOIN UNDER PRESSURE: U.S. INFLATION COMPLICATES THE OUTLOOK
U.S. inflation reached 3.7% year over year, exceeding market expectations and reigniting fears of further Federal Reserve rate hikes.
📉 Bitcoin fell below US$82,000 during the day.
📊 The Nasdaq lost 1.88%.
💵 The dollar and bond yields initially reacted by moving higher.
Although Bitcoin ETFs saw inflows of approximately US$175.7 million on October 13, macroeconomic pressure remains a significant risk.
🔎 Will Bitcoin test US$80,000 again, or manage to recover to US$84,000?
Share your analysis in the comments.
#FintechNews #Bitcoin #BTC #Criptomoneda s #ReservaFederal
U.S. inflation reached 3.7% year over year, exceeding market expectations and reigniting fears of further Federal Reserve rate hikes.
📉 Bitcoin fell below US$82,000 during the day.
📊 The Nasdaq lost 1.88%.
💵 The dollar and bond yields initially reacted by moving higher.
Although Bitcoin ETFs saw inflows of approximately US$175.7 million on October 13, macroeconomic pressure remains a significant risk.
🔎 Will Bitcoin test US$80,000 again, or manage to recover to US$84,000?
Share your analysis in the comments.
#FintechNews #Bitcoin #BTC #Criptomoneda s #ReservaFederal