【Crypto Market Evening Report】U.S. October CPI rose 0.4% month over month, above expectations of 0.3%; core CPI also exceeded expectations, rising 0.3%. Fed Governor Waller previously said that if core inflation rises to 0.3% or higher again, a 50-basis-point rate hike should be considered in December. In response, BTC briefly fell below $74,000, hitting an approximately 11-week low. It is now trading near $73,700, while ETH is hovering around $2,050.
On the fund-flow front, U.S. spot BTC ETFs saw net outflows of $95 million on Tuesday, marking a fourth consecutive day of outflows and bringing cumulative outflows since November to about $1.6 billion (SoSoValue). However, the daily outflow amount has narrowed for three consecutive days. CryptoQuant identified $73,200 as a key support level.
Policy: Pro-crypto lawmaker Tom Emmer was elected House Republican whip; Coinbase, Kalshi, and others jointly backed the CFTC's launch of perpetual futures contracts on U.S. stocks.
Macroeconomic factors are driving the market; be sure to manage risk.
#CPI #比特币ETF #美联储 $BTC $ETH
On the fund-flow front, U.S. spot BTC ETFs saw net outflows of $95 million on Tuesday, marking a fourth consecutive day of outflows and bringing cumulative outflows since November to about $1.6 billion (SoSoValue). However, the daily outflow amount has narrowed for three consecutive days. CryptoQuant identified $73,200 as a key support level.
Policy: Pro-crypto lawmaker Tom Emmer was elected House Republican whip; Coinbase, Kalshi, and others jointly backed the CFTC's launch of perpetual futures contracts on U.S. stocks.
Macroeconomic factors are driving the market; be sure to manage risk.
#CPI #比特币ETF #美联储 $BTC $ETH
