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Inflation Puts Pressure on Bitcoin
On October 14, Bitcoin fell to $81,000 following high inflation data in the US.
đ A higher CPI has raised expectations for further action from the Federal Reserve and increased pressure on risk assets.
A breakdown below $80,500 could significantly worsen the medium-term outlook for BTC.
#CPIWatch
#Bitcoinâ
$BTC
Inflation Puts Pressure on Bitcoin
On October 14, Bitcoin fell to $81,000 following high inflation data in the US.
đ A higher CPI has raised expectations for further action from the Federal Reserve and increased pressure on risk assets.
A breakdown below $80,500 could significantly worsen the medium-term outlook for BTC.
#CPIWatch
#Bitcoinâ
$BTC