🚨 $BTC — HOT CPI KNOCKS BITCOIN BELOW $73,000
October inflation came in hotter than expected, at 0.4% versus the 0.3% the market expected, and Bitcoin plunged below $73,000, its lowest level in three months. To me, the Fed no longer has an excuse to cut rates, and the market is paying a steep price for it.
Look at the detail nobody is paying attention to:
→ The probability of a rate hike in December jumped to 85%
→ $705 million liquidated in 24 hours, 82% of them long positions
→ ETH fell to $2,018, XRP to $1.04, and SOL below $82
Do you think Bitcoin will hold $73,000, or is it headed to $69,000? 👇
$BTC $ETH
#Bitcoin #IPC #Crypto
October inflation came in hotter than expected, at 0.4% versus the 0.3% the market expected, and Bitcoin plunged below $73,000, its lowest level in three months. To me, the Fed no longer has an excuse to cut rates, and the market is paying a steep price for it.
Look at the detail nobody is paying attention to:
→ The probability of a rate hike in December jumped to 85%
→ $705 million liquidated in 24 hours, 82% of them long positions
→ ETH fell to $2,018, XRP to $1.04, and SOL below $82
Do you think Bitcoin will hold $73,000, or is it headed to $69,000? 👇
$BTC $ETH
#Bitcoin #IPC #Crypto