#tradersbetonthreemorefedhikes
Fed Rate Expectations: The screens report that markets expect the Fed to raise rates three more times, with headlines stating, "U.S. Inflation Exceeds Expectations: Expectations for Fed Rate Hikes Rise" and "Fed Pricing In 3 Additional Rate Hikes."
Bitcoin & Crypto Market: The Bitcoin charts in the upper-right and middle panels show a sharp drop (below $81,000), and the crypto market is said to have seen "hundreds of millions of dollars" in liquidations.
Dollar and Other Markets: The Dollar Index (DXY) is reported to have strengthened, while gold and stock markets have also experienced a sell-off amid pressure from interest rates.
In short, the image summarizes how September CPI data strengthened the likelihood of a Fed rate hike and the negative impact this has had on Bitcoin and global markets.$BTC
Fed Rate Expectations: The screens report that markets expect the Fed to raise rates three more times, with headlines stating, "U.S. Inflation Exceeds Expectations: Expectations for Fed Rate Hikes Rise" and "Fed Pricing In 3 Additional Rate Hikes."
Bitcoin & Crypto Market: The Bitcoin charts in the upper-right and middle panels show a sharp drop (below $81,000), and the crypto market is said to have seen "hundreds of millions of dollars" in liquidations.
Dollar and Other Markets: The Dollar Index (DXY) is reported to have strengthened, while gold and stock markets have also experienced a sell-off amid pressure from interest rates.
In short, the image summarizes how September CPI data strengthened the likelihood of a Fed rate hike and the negative impact this has had on Bitcoin and global markets.$BTC