INFLATION CAME IN HOT AND THE MARKET IS ALREADY PRICING IN THE WORST-CASE SCENARIO
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The consumer price index data offered no respite. Headline inflation came in at 0.4 percent and core inflation at 0.3 percent, both above analysts’ expectations.
The impact was immediate. A 25-basis-point rate hike by the Fed in December became the main scenario, but the data sparked panic over a 50-basis-point hike, with its odds jumping from 1.1 to 15.3 percent. Any relief from rate cuts has been pushed back until after 2027.
Bitcoin took a hit. The price fell to $73,762, testing the vital 200-day moving average at $73,100. Losses on leveraged positions exceeded $200 million.
With the dollar rising and yields tightening liquidity, the big question is whether support at $73.1K will hold or whether we’ll see another sharp drop.
$BTC
$ETH
$ARIA
#HotCPIDecemberHikePriced #hotcpidecemberhikepriced
જ⁀➴
The consumer price index data offered no respite. Headline inflation came in at 0.4 percent and core inflation at 0.3 percent, both above analysts’ expectations.
The impact was immediate. A 25-basis-point rate hike by the Fed in December became the main scenario, but the data sparked panic over a 50-basis-point hike, with its odds jumping from 1.1 to 15.3 percent. Any relief from rate cuts has been pushed back until after 2027.
Bitcoin took a hit. The price fell to $73,762, testing the vital 200-day moving average at $73,100. Losses on leveraged positions exceeded $200 million.
With the dollar rising and yields tightening liquidity, the big question is whether support at $73.1K will hold or whether we’ll see another sharp drop.
$BTC
$ETH
$ARIA
#HotCPIDecemberHikePriced #hotcpidecemberhikepriced
