#HotCPIDecemberHikePriced
🚨 CPI SHOCK: FEARS OF A FED RATE HIKE EXPLODE! 🇺🇸
October CPI came in at 0.4% versus 0.3% expected, while core CPI came in at 0.3% versus 0.2% forecast.
A 25-basis-point hike in December remains the base-case scenario, while the probability of a 50-basis-point hike has risen from 1.1% to 15.3%. Rate cuts are now pushed back to 2027.
Bitcoin fell to $73,762, testing its critical 200-day moving average at $73,100, while leveraged positions worth $179 million to over $200 million were liquidated.
A strong dollar, rising yields, and tighter liquidity could put additional pressure on cryptocurrencies.
The big question: Can BTC defend the $73.1K level, or is another wave of selling looming?
#HotCPIDecemberHikePriced
$AGT
$ARIA
$MU
🚨 CPI SHOCK: FEARS OF A FED RATE HIKE EXPLODE! 🇺🇸
October CPI came in at 0.4% versus 0.3% expected, while core CPI came in at 0.3% versus 0.2% forecast.
A 25-basis-point hike in December remains the base-case scenario, while the probability of a 50-basis-point hike has risen from 1.1% to 15.3%. Rate cuts are now pushed back to 2027.
Bitcoin fell to $73,762, testing its critical 200-day moving average at $73,100, while leveraged positions worth $179 million to over $200 million were liquidated.
A strong dollar, rising yields, and tighter liquidity could put additional pressure on cryptocurrencies.
The big question: Can BTC defend the $73.1K level, or is another wave of selling looming?
#HotCPIDecemberHikePriced
$AGT
$ARIA
$MU
