Bitcoin Drops Below $81K on Hot US Inflation Data
Bitcoin slipped below the $81,000–$82,000 range today after hotter-than-expected US CPI data boosted expectations of a Fed rate hike. Crypto liquidations neared $1 billion in 24 hours, with Ethereum down around 5.2%, Dogecoin down 4.8%, and XRP slipping about 3.7%. Traders are now closely watching upcoming US PPI data and Fed comments for the next directional move. A reminder that macro news can shake even the strongest charts — risk management matters. 📉 (analyticsinsight)
#newscrypto #news_update
#WarshPushesToScaleBackForwardGuidanceAndDotPlot
Bitcoin slipped below the $81,000–$82,000 range today after hotter-than-expected US CPI data boosted expectations of a Fed rate hike. Crypto liquidations neared $1 billion in 24 hours, with Ethereum down around 5.2%, Dogecoin down 4.8%, and XRP slipping about 3.7%. Traders are now closely watching upcoming US PPI data and Fed comments for the next directional move. A reminder that macro news can shake even the strongest charts — risk management matters. 📉 (analyticsinsight)
#newscrypto #news_update
#WarshPushesToScaleBackForwardGuidanceAndDotPlot