🚨 U.S. October CPI came in above expectations across the board! Headline CPI rose 0.4% month over month, while core CPI rose 0.3%, showing that inflationary pressures have yet to ease. Expectations of a December rate hike remain at 80%–85%. Treasury yields are climbing, while U.S. stock futures, BTC, and gold are all under pressure. Ongoing net outflows from Bitcoin ETFs could further amplify market volatility. Next, keep a close eye on signals from the Federal Reserve!