US inflation came in hotter than expected today.
3.7% for the year vs 3.6% expected. Core 2.6% vs 2.5%.
The main reason is fuel. Gasoline jumped 9.1% in one month, more than half the whole increase. Oil is around $105 because of Middle East tension.
Why it matters for crypto:
The Fed meets 27–28 Oct. A few weeks ago everyone expected rate cuts. Now some people are talking about a hike. Higher rates mean a stronger dollar and less money flowing into risky assets like crypto.
You can see it already. $BTC around $81.7K, down 2% and near the day’s low. $ETH lost $2,500. Even gold is down, which tells you this is about the dollar and rates, not crypto itself.
But core inflation barely moved. If Powell calls this an oil problem and sounds calm, the market could bounce fast.
I’m holding some cash and watching $80K on BTC before I do anything.
NFA. How are you positioned?
3.7% for the year vs 3.6% expected. Core 2.6% vs 2.5%.
The main reason is fuel. Gasoline jumped 9.1% in one month, more than half the whole increase. Oil is around $105 because of Middle East tension.
Why it matters for crypto:
The Fed meets 27–28 Oct. A few weeks ago everyone expected rate cuts. Now some people are talking about a hike. Higher rates mean a stronger dollar and less money flowing into risky assets like crypto.
You can see it already. $BTC around $81.7K, down 2% and near the day’s low. $ETH lost $2,500. Even gold is down, which tells you this is about the dollar and rates, not crypto itself.
But core inflation barely moved. If Powell calls this an oil problem and sounds calm, the market could bounce fast.
I’m holding some cash and watching $80K on BTC before I do anything.
NFA. How are you positioned?