Binance Market Update | Hot CPI Triggers Selloff, BTC Holds 74,000 USD
$BTC Holds Strong Despite HOT CPI Shock!
US October CPI came HOT at 0.4% vs 0.3% expected.
Core CPI also above forecast.
What Happened Next?
Markets now pricing 28bp tightening for December.
Fed's Waller backs 25bp HIKE.
WSJ says December hike is now "virtually a certainty"
86% pricing 25bp, 14% pricing 50bp hike.
Treasury Selloff Started After Data.
Risk assets under pressure.
But Here Is The Twist:
CoreWeave jumped 10% pre-market after Q3 revenue grew 168%
Nasdaq 100 futures up almost 2%
AI stocks lifting the whole market.
Bitcoin Update:
$BTC holding near 74,000 USD
Spot ETFs lost 95M USD in a day
November outflows now hit 1.6 BILLION USD
Anthropic bankers weighing 1.5T USD valuation or more.
My Take:
This is NOT a crypto crash, this is a MACRO fight.
Inflation is hot, Fed is hawkish, but AI is still carrying the market.
If BTC holds 74K, bulls are still alive. If 74K breaks, next stop 72K.
Question For You:
Do you think Fed will REALLY hike in December?
Or is this just panic?
Comment BULLISH or BEARISH below.
#Bitcoin #BTC #CPI #BinanceSquareFamily #CryptoNewss #Marketupdates #AI
$BTC Holds Strong Despite HOT CPI Shock!
US October CPI came HOT at 0.4% vs 0.3% expected.
Core CPI also above forecast.
What Happened Next?
Markets now pricing 28bp tightening for December.
Fed's Waller backs 25bp HIKE.
WSJ says December hike is now "virtually a certainty"
86% pricing 25bp, 14% pricing 50bp hike.
Treasury Selloff Started After Data.
Risk assets under pressure.
But Here Is The Twist:
CoreWeave jumped 10% pre-market after Q3 revenue grew 168%
Nasdaq 100 futures up almost 2%
AI stocks lifting the whole market.
Bitcoin Update:
$BTC holding near 74,000 USD
Spot ETFs lost 95M USD in a day
November outflows now hit 1.6 BILLION USD
Anthropic bankers weighing 1.5T USD valuation or more.
My Take:
This is NOT a crypto crash, this is a MACRO fight.
Inflation is hot, Fed is hawkish, but AI is still carrying the market.
If BTC holds 74K, bulls are still alive. If 74K breaks, next stop 72K.
Question For You:
Do you think Fed will REALLY hike in December?
Or is this just panic?
Comment BULLISH or BEARISH below.
#Bitcoin #BTC #CPI #BinanceSquareFamily #CryptoNewss #Marketupdates #AI