U.S. CPI came in hotter than expected, bond yields jumped sharply, and risk appetite is being tested. According to @captn_ty, October inflation has not cooled as much as the market had hoped.
U.S. CPI rose 0.4% month over month in October, above the expected 0.3%. Core CPI also rose 0.3%, marking the third consecutive month at that pace.
The 10-year Treasury yield was reported to have jumped from 4.86% to 4.98%, while the long-term bond ETF TLT fell 1.3%. Higher yields typically put pressure on the valuations of risky assets, including $BTC and $ETH .
ETH: 2011.99 USDT (-2.25% 24h)
Market outlook: If yields remain elevated after the CPI report, crypto inflows could become more cautious in the short term.
🏷️ Binance Square ticker: $BNB
⚠️ News for reference from X / the market, not investment advice. Do your own research (DYOR) and manage your risk.
U.S. CPI rose 0.4% month over month in October, above the expected 0.3%. Core CPI also rose 0.3%, marking the third consecutive month at that pace.
The 10-year Treasury yield was reported to have jumped from 4.86% to 4.98%, while the long-term bond ETF TLT fell 1.3%. Higher yields typically put pressure on the valuations of risky assets, including $BTC and $ETH .
ETH: 2011.99 USDT (-2.25% 24h)
Market outlook: If yields remain elevated after the CPI report, crypto inflows could become more cautious in the short term.
🏷️ Binance Square ticker: $BNB
⚠️ News for reference from X / the market, not investment advice. Do your own research (DYOR) and manage your risk.