🔥 New inflation shock: The Fed’s tone shifts toward stronger tightening! 🇺🇸
October’s Consumer Price Index data came in higher than expected:
· Headline CPI: 0.4% vs. 0.3% expected
· Core CPI: 0.3% vs. 0.2% expected
📌 Markets are betting that:
· A 25-basis-point rate hike in December remains the base-case scenario.
· But the odds of a 50-basis-point hike jumped to 15.3%, up from just 1.1%.
· Rate cuts have been pushed back to later in 2027.
📉 Bitcoin is retreating:
· BTC fell to $73,762 and tested its key 200-day moving average at $73,100.
· Leveraged position liquidations exceeded $200 million, up from $179 million.
⚠️ Pressure continues:
A strong dollar, rising bond yields, and tighter liquidity could increase pressure on cryptocurrencies in the coming period.
❓ The key question: Can BTC defend the $73.1K level, or is another wave of selling on the way?
$BTC BTCUSDT Perpetual 74,512.8 +1.31%
$ETH ETHUSDT Perpetual 2,080.18 +1.57%
#HotTrends $XRP
$BTC
October’s Consumer Price Index data came in higher than expected:
· Headline CPI: 0.4% vs. 0.3% expected
· Core CPI: 0.3% vs. 0.2% expected
📌 Markets are betting that:
· A 25-basis-point rate hike in December remains the base-case scenario.
· But the odds of a 50-basis-point hike jumped to 15.3%, up from just 1.1%.
· Rate cuts have been pushed back to later in 2027.
📉 Bitcoin is retreating:
· BTC fell to $73,762 and tested its key 200-day moving average at $73,100.
· Leveraged position liquidations exceeded $200 million, up from $179 million.
⚠️ Pressure continues:
A strong dollar, rising bond yields, and tighter liquidity could increase pressure on cryptocurrencies in the coming period.
❓ The key question: Can BTC defend the $73.1K level, or is another wave of selling on the way?
$BTC BTCUSDT Perpetual 74,512.8 +1.31%
$ETH ETHUSDT Perpetual 2,080.18 +1.57%
#HotTrends $XRP
$BTC
