🔥PPI data comes in scorching hot, markets take an unusual turn, Bitcoin falls below $81,000⚠️
U.S. September PPI surged well beyond market expectations, jumping 6.3% year over year, while core PPI also came in at twice the expected level. An unusual scene unfolded: inflation data ran hot, yet Treasury yields fell, gold strengthened, and the dollar weakened. The market is no longer worried about rate hikes, but about stagflation and pressure on economic growth.
$BTC $DOGE $XUSD #沃什推动缩减前瞻指引和点阵图 #比特币现货ETF单日净流出2.61亿美元 #以太坊跌破2400美元
Bitcoin responded by dropping to $80,559, down more than 2% in 24 hours. Ethereum, SOL, and other altcoins fell even further. Copper prices and Asia-Pacific chip stocks also plunged, South Korea’s stock market tumbled again, triggering a circuit breaker, while credit risks in the AI sector continued to build.
Expectations of further rate hikes have cooled considerably, with the probability of a hike in October at just 29%. The market’s main concern has shifted to widening credit spreads in the AI sector. The $80,000 level is facing its third test, and whether it holds will directly determine the market’s short-term direction. With the Fed’s October 28 rate decision approaching, overall market uncertainty remains high.
U.S. September PPI surged well beyond market expectations, jumping 6.3% year over year, while core PPI also came in at twice the expected level. An unusual scene unfolded: inflation data ran hot, yet Treasury yields fell, gold strengthened, and the dollar weakened. The market is no longer worried about rate hikes, but about stagflation and pressure on economic growth.
$BTC $DOGE $XUSD #沃什推动缩减前瞻指引和点阵图 #比特币现货ETF单日净流出2.61亿美元 #以太坊跌破2400美元
Bitcoin responded by dropping to $80,559, down more than 2% in 24 hours. Ethereum, SOL, and other altcoins fell even further. Copper prices and Asia-Pacific chip stocks also plunged, South Korea’s stock market tumbled again, triggering a circuit breaker, while credit risks in the AI sector continued to build.
Expectations of further rate hikes have cooled considerably, with the probability of a hike in October at just 29%. The market’s main concern has shifted to widening credit spreads in the AI sector. The $80,000 level is facing its third test, and whether it holds will directly determine the market’s short-term direction. With the Fed’s October 28 rate decision approaching, overall market uncertainty remains high.
