U.S. Department of Labor and Federal Reserve: October PPI rose 6.5% year over year, reaching a four-year high but coming in slightly below expectations. Markets are pricing in a 25-basis-point rate hike in December: …
When macroeconomic news flows into the crypto market, I usually break it down into two steps:
First: The data is fairly neutral, so funds will most likely continue to wait.
Second: Did U.S. stocks and $BTC move in sync? If they moved together, it suggests macro factors are driving the market; if there was no reaction, crypto-specific flows matter more.
$BTC is currently at 68431.03, down 4.13% over 24 hours.
When macroeconomic news flows into the crypto market, I usually break it down into two steps:
First: The data is fairly neutral, so funds will most likely continue to wait.
Second: Did U.S. stocks and $BTC move in sync? If they moved together, it suggests macro factors are driving the market; if there was no reaction, crypto-specific flows matter more.
$BTC is currently at 68431.03, down 4.13% over 24 hours.
