CPI inflation cooled, so why is BTC still falling?
U.S. CPI rose 0.4% month over month in October, down from 0.6% in September. But the market had expected 0.3%. After the data came out, traders ramped up bets on a December rate hike. On November 10, Eastern Time, the Nasdaq Composite closed down 0.7%, and BTC briefly fell to around $72,700. (bls.gov, finance.yahoo.com, coindesk.com)
There’s another date worth watching. The Fed meets on December 8–9, and the next CPI report won’t be released until December 10. If BTC rebounds beforehand, I’ll also be watching to see whether the two-year Treasury yield falls, as a sign that rate-hike expectations may be easing too. (federalreserve.gov, bls.gov)
When CPI is released, do you usually trim your position beforehand, or hold what you have and wait for the results?
#CPI高于预期，美股与BTC再度承压 $BTC
U.S. CPI rose 0.4% month over month in October, down from 0.6% in September. But the market had expected 0.3%. After the data came out, traders ramped up bets on a December rate hike. On November 10, Eastern Time, the Nasdaq Composite closed down 0.7%, and BTC briefly fell to around $72,700. (bls.gov, finance.yahoo.com, coindesk.com)
There’s another date worth watching. The Fed meets on December 8–9, and the next CPI report won’t be released until December 10. If BTC rebounds beforehand, I’ll also be watching to see whether the two-year Treasury yield falls, as a sign that rate-hike expectations may be easing too. (federalreserve.gov, bls.gov)
When CPI is released, do you usually trim your position beforehand, or hold what you have and wait for the results?
#CPI高于预期，美股与BTC再度承压 $BTC
