🥇 Gold has fallen below $4,000. Does Bitcoin still expect to stay unscathed?
📉 BeInCrypto: Spot gold fell to $3,963 at one point on Thursday, marking the third time since late October that it has dropped below $4,000.
📊 October CPI rose 0.4% month over month, above the expected 0.23%. Traders have fully priced in one rate hike in December, and the odds of a 50 bp hike have risen to 11.2%.
💵 The dollar index has climbed to a 19-month high, while the 2-year Treasury yield has risen 25 basis points this week.
👉 Both safe-haven and risk assets are being weighed down by interest rates. This time, it’s not a seesaw of “gold up, crypto down”—liquidity is tightening across the board.
⚠️ Tonight’s PPI at 20:30 is the next key test: if it comes in hotter than expected, bets on a 50 bp hike will rise further, and BTC’s support near $72,000 will need to be tested again. If it comes in lower, the market may get some breathing room.
😨 The Fear & Greed Index is currently at 28 (Fear), and ETFs have seen outflows for five consecutive days.
What do you think: after tonight’s PPI, will BTC test $70,000 first or rebound to $75,000 first? See you in the comments 👇
$BTC $ETH $BNB
#PPI #美联储 #CryptoMarket
This is only a personal opinion and does not constitute investment advice
📉 BeInCrypto: Spot gold fell to $3,963 at one point on Thursday, marking the third time since late October that it has dropped below $4,000.
📊 October CPI rose 0.4% month over month, above the expected 0.23%. Traders have fully priced in one rate hike in December, and the odds of a 50 bp hike have risen to 11.2%.
💵 The dollar index has climbed to a 19-month high, while the 2-year Treasury yield has risen 25 basis points this week.
👉 Both safe-haven and risk assets are being weighed down by interest rates. This time, it’s not a seesaw of “gold up, crypto down”—liquidity is tightening across the board.
⚠️ Tonight’s PPI at 20:30 is the next key test: if it comes in hotter than expected, bets on a 50 bp hike will rise further, and BTC’s support near $72,000 will need to be tested again. If it comes in lower, the market may get some breathing room.
😨 The Fear & Greed Index is currently at 28 (Fear), and ETFs have seen outflows for five consecutive days.
What do you think: after tonight’s PPI, will BTC test $70,000 first or rebound to $75,000 first? See you in the comments 👇
$BTC $ETH $BNB
#PPI #美联储 #CryptoMarket
This is only a personal opinion and does not constitute investment advice
