October CPI rose 0.4% month over month, while core CPI rose 0.3%—both above expectations. A December rate hike is now largely priced in by the market. $BTC fell below 74,000, while $ETH hovered around 2,050.
Selling pressure isn’t coming from macro factors alone: spot ETFs are still seeing outflows, and mining company MARA sold 13,597 BTC over six weeks. At times like this, first see whether your positions can hold up, then talk about buying the dip.
Do you think 70,000 will be tested? Or is this the bottom?
#CPIAboveExpectations, USStocksAndBTCUnderRenewedPressure $BTC $ETH
Selling pressure isn’t coming from macro factors alone: spot ETFs are still seeing outflows, and mining company MARA sold 13,597 BTC over six weeks. At times like this, first see whether your positions can hold up, then talk about buying the dip.
Do you think 70,000 will be tested? Or is this the bottom?
#CPIAboveExpectations, USStocksAndBTCUnderRenewedPressure $BTC $ETH