US inflation is still running hot.
The latest August CPI showed:
đ„ CPI: +0.4% MoM
đ„ Annual CPI: 3.4%
â ïž Core CPI: +0.3% MoM
đ Core CPI: 2.4% YoY
The hotter-than-expected core inflation reading increased pressure on the Federal Reserve and added volatility to risk assets like crypto. đșđž
And now the BIG question:
đ $BTC â Can Bitcoin hold key support?
đ” $ETH â Can ETH regain momentum?
đĄ $BNB â Will buyers return?
⥠$ZEC â Can recent momentum continue?
The Fed has now raised its policy rate by 25 basis points to 3.75%â4.00%, while officials have indicated that another hike could still be possible later this year. îš1îš
đ CPI + FED POLICY = CRYPTO VOLATILITY
This is not a guaranteed bullish or bearish signal.
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