U.S. October PPI comes in "softer" than expected — $BTC rebounds from 3-month low
• October PPI: +0.3% MoM (expected +0.4%), +6.5% YoY (expected +6.6%); core PPI +0.3%, in line with forecasts (BLS, 20:30 Vietnam time).
• $BTC around $69,800, rebounding from an intraday low of about $67,570 — the lowest since Aug. 19, down about 15% in one month.
• DXY around 103.1, a 19-month high; U.S. 10-year yield around 5.14%.
• Gold around $3,880–$3,900/oz, below the $4,000 mark for a third consecutive session.
• Markets are still pricing in an approximately 87–90% chance of a Fed rate hike at the Dec. 8–9 meeting; about 12% are betting on a 50-basis-point hike.
Key levels to watch: whether $BTC holds the $68,000–$70,000 range or breaks below the 200-week moving average (around $68,000); movements in the DXY and 10-year yield.
This article is for market information and analysis only, and is not investment advice.
$BTC #Bitcoin #Crypto #PPI #Fed #DXY
• October PPI: +0.3% MoM (expected +0.4%), +6.5% YoY (expected +6.6%); core PPI +0.3%, in line with forecasts (BLS, 20:30 Vietnam time).
• $BTC around $69,800, rebounding from an intraday low of about $67,570 — the lowest since Aug. 19, down about 15% in one month.
• DXY around 103.1, a 19-month high; U.S. 10-year yield around 5.14%.
• Gold around $3,880–$3,900/oz, below the $4,000 mark for a third consecutive session.
• Markets are still pricing in an approximately 87–90% chance of a Fed rate hike at the Dec. 8–9 meeting; about 12% are betting on a 50-basis-point hike.
Key levels to watch: whether $BTC holds the $68,000–$70,000 range or breaks below the 200-week moving average (around $68,000); movements in the DXY and 10-year yield.
This article is for market information and analysis only, and is not investment advice.
$BTC #Bitcoin #Crypto #PPI #Fed #DXY