Last night, the U.S. October CPI came in at 0.4% month over month, higher than the expected 0.3%. Core CPI was also 0.3%, likewise above expectations. Bitcoin plunged below $74,000 on the news, with $356 million in liquidations across the crypto market over 24 hours, wiping out more than 80,000 traders.
My first reaction wasn’t to check the charts, but to see whether the U I had on hand was still stable. I opened PayAll’s depeg monitor and took a look: USDT and USDC were both still pegged to $1, with no unusual movements. So I stuck to my original plan: top up the card with only what I need, don’t stock up, and just check the balance before subscription payments are charged.
When crypto prices fall, the money you actually spend is what needs to stay stable.
$BTC $USDT #stablecoin
My first reaction wasn’t to check the charts, but to see whether the U I had on hand was still stable. I opened PayAll’s depeg monitor and took a look: USDT and USDC were both still pegged to $1, with no unusual movements. So I stuck to my original plan: top up the card with only what I need, don’t stock up, and just check the balance before subscription payments are charged.
When crypto prices fall, the money you actually spend is what needs to stay stable.
$BTC $USDT #stablecoin