🔥Inflation is surging! CPI came in hotter than expected across the board, raising the risk of a 50-bp rate hike.
Core CPI was 0.3%, hitting Waller’s hawkish red line.
Markets are repricing the size of a December rate hike, while expectations of higher rates are weighing on risk assets.
Beware of spreading selling pressure—not just BTC, but the entire altcoin market is under pressure.
$BTC
Core CPI was 0.3%, hitting Waller’s hawkish red line.
Markets are repricing the size of a December rate hike, while expectations of higher rates are weighing on risk assets.
Beware of spreading selling pressure—not just BTC, but the entire altcoin market is under pressure.
$BTC
