🚨 BITCOIN BELOW $80.5K - HOT US CPI INCREASES RATE HIKE CONCERNS!
🩸Bitcoin has dropped toward $81,000 following hotter-than-expected US inflation data.
🇺🇸 What happened?
• Headline CPI rose to 3.7% year-on-year, up from 3.4%.
• Core CPI increased to 2.6%, above the 2.5% forecast.
• Markets are now pricing in a higher possibility of further Fed rate hikes.
📉 Why is this bearish for Bitcoin?
Higher inflation could force the Fed to keep interest rates elevated or hike them further. This may strengthen the US Dollar and Treasury yields, putting pressure on risk assets like Bitcoin.
🔍 What to watch next?
BTC’s reaction around $80K support, US Treasury yields, and changing Fed rate expectations.
⚠️ Key takeaway: Persistent inflation could keep Bitcoin under pressure, but watch price confirmation before assuming further downside.
$BTC
$ETH
$XAU
🩸Bitcoin has dropped toward $81,000 following hotter-than-expected US inflation data.
🇺🇸 What happened?
• Headline CPI rose to 3.7% year-on-year, up from 3.4%.
• Core CPI increased to 2.6%, above the 2.5% forecast.
• Markets are now pricing in a higher possibility of further Fed rate hikes.
📉 Why is this bearish for Bitcoin?
Higher inflation could force the Fed to keep interest rates elevated or hike them further. This may strengthen the US Dollar and Treasury yields, putting pressure on risk assets like Bitcoin.
🔍 What to watch next?
BTC’s reaction around $80K support, US Treasury yields, and changing Fed rate expectations.
⚠️ Key takeaway: Persistent inflation could keep Bitcoin under pressure, but watch price confirmation before assuming further downside.
$BTC
$ETH
$XAU