🚨 Shocking CPI surprise: fears of a Fed rate hike intensify! 🇺🇸
The October Consumer Price Index rose 0.4% versus expectations of 0.3%, while core CPI came in at 0.3% against a forecast of 0.2%.
A 25-basis-point rate hike in December remains the base-case scenario, while the probability of a 50-basis-point hike jumped to 15.3% from 1.1%. Rate cuts have been pushed back to later in 2027.
Bitcoin fell to $73,762 and tested the key 200-day moving average at $73,100. Liquidations of leveraged positions reached $179 million and exceeded $200 million.
A strong dollar, rising yields, and a worsening liquidity deficit could put even more pressure on cryptocurrencies.
The key question: Can BTC hold the $73.1K level, or is another wave of sell-offs ahead?
The October Consumer Price Index rose 0.4% versus expectations of 0.3%, while core CPI came in at 0.3% against a forecast of 0.2%.
A 25-basis-point rate hike in December remains the base-case scenario, while the probability of a 50-basis-point hike jumped to 15.3% from 1.1%. Rate cuts have been pushed back to later in 2027.
Bitcoin fell to $73,762 and tested the key 200-day moving average at $73,100. Liquidations of leveraged positions reached $179 million and exceeded $200 million.
A strong dollar, rising yields, and a worsening liquidity deficit could put even more pressure on cryptocurrencies.
The key question: Can BTC hold the $73.1K level, or is another wave of sell-offs ahead?
