🔥🔥INFLATION CAME IN HOTTER, AND THE MARKET IS NOW PRICING IN THE WORST-CASE SCENARIO
The consumer price index data offered no relief. The headline figure was 0.4 percent and the core figure was 0.3 percent; both came in above analysts’ expectations.
The consequence was immediate. A 25-basis-point Fed rate hike 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 postponed until after 2027.
Bitcoin felt the blow. 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 squeezing liquidity, the big question is whether support at $73,100 will hold or if we’ll see another violent drop.
$BTC
$ETH
$ARIA
#HotCPIDecemberHikePriced #hotcpidecemberhikepriced
The consumer price index data offered no relief. The headline figure was 0.4 percent and the core figure was 0.3 percent; both came in above analysts’ expectations.
The consequence was immediate. A 25-basis-point Fed rate hike 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 postponed until after 2027.
Bitcoin felt the blow. 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 squeezing liquidity, the big question is whether support at $73,100 will hold or if we’ll see another violent drop.
$BTC
$ETH
$ARIA
#HotCPIDecemberHikePriced #hotcpidecemberhikepriced
