🚨 U.S. inflation comes in below expectations… so why haven’t Bitcoin’s losses stopped?
Despite U.S. producer price inflation data coming in lower than expected, pressure on the cryptocurrency market continued!
📊 The figures reveal a paradox:
🔹 Annual producer inflation: 6.5% versus expectations of 6.6%.
🔹 Monthly inflation: 0.3% versus expectations of 0.4%.
🔹 Bitcoin fell below $68,000 during trading on November 13.
💡 What’s happening?
Markets don’t move based on inflation figures alone; rising bond yields, a strong dollar, and investment fund flows also affect investors’ appetite for risk.
More importantly, annual inflation rose compared with September, even though the reading came in below expectations.
❓ In your opinion, does Bitcoin need genuine economic improvement to resume its upward trend, or is the market overreacting?
#Bitcoin #CryptoMarket
Despite U.S. producer price inflation data coming in lower than expected, pressure on the cryptocurrency market continued!
📊 The figures reveal a paradox:
🔹 Annual producer inflation: 6.5% versus expectations of 6.6%.
🔹 Monthly inflation: 0.3% versus expectations of 0.4%.
🔹 Bitcoin fell below $68,000 during trading on November 13.
💡 What’s happening?
Markets don’t move based on inflation figures alone; rising bond yields, a strong dollar, and investment fund flows also affect investors’ appetite for risk.
More importantly, annual inflation rose compared with September, even though the reading came in below expectations.
❓ In your opinion, does Bitcoin need genuine economic improvement to resume its upward trend, or is the market overreacting?
#Bitcoin #CryptoMarket