Today's CPI Data Confirms A December Rate Hike, Bearish For $BTC .
Before the CPI print, odds for a 25 bps hike were already at 99%.
The only hope for a pause in $BTC was a cooler inflation number, but that failed.
CPI came in at 0.4% vs 0.3% expected, Core CPI at 0.3% vs 0.2% expected.
This proves inflation is still rising, giving the Fed a free hand to hike rates, which puts selling pressure on $BTC .
Before the CPI print, odds for a 25 bps hike were already at 99%.
The only hope for a pause in $BTC was a cooler inflation number, but that failed.
CPI came in at 0.4% vs 0.3% expected, Core CPI at 0.3% vs 0.2% expected.
This proves inflation is still rising, giving the Fed a free hand to hike rates, which puts selling pressure on $BTC .
