Earthquake in the crypto market!
#bitcoin breaks below $74,000, dragged down by a #IPC hot economy and the specter of a more aggressive #Fed
#BTC breaks key support levels
The leading cryptocurrency suffered a sharp setback, trading below the $74,000 threshold and hovering around $73,917 amid heavy selling pressure.
Correction in traditional markets: Wall Street futures traded in the red, with notable declines in the Nasdaq-100 (down around 1.2% / 1.05%) and the S&P 500 (down 0.5%), reflecting traders’ anxiety about the macroeconomic outlook.
Inflation above forecasts: The Consumer Price Index (CPI) rose 0.4% month over month in October, exceeding the 0.3% forecast by Dow Jones economists.
The Federal Reserve’s shift: Fed Governor Christopher Waller warned that he sees an interest rate hike in December as highly likely and did not rule out a larger increase of half a percentage point (50 basis points) due to persistent inflationary pressures.
$BTC
$QQQB
$SPYB
#bitcoin breaks below $74,000, dragged down by a #IPC hot economy and the specter of a more aggressive #Fed
#BTC breaks key support levels
The leading cryptocurrency suffered a sharp setback, trading below the $74,000 threshold and hovering around $73,917 amid heavy selling pressure.
Correction in traditional markets: Wall Street futures traded in the red, with notable declines in the Nasdaq-100 (down around 1.2% / 1.05%) and the S&P 500 (down 0.5%), reflecting traders’ anxiety about the macroeconomic outlook.
Inflation above forecasts: The Consumer Price Index (CPI) rose 0.4% month over month in October, exceeding the 0.3% forecast by Dow Jones economists.
The Federal Reserve’s shift: Fed Governor Christopher Waller warned that he sees an interest rate hike in December as highly likely and did not rule out a larger increase of half a percentage point (50 basis points) due to persistent inflationary pressures.
$BTC
$QQQB
$SPYB
