Two hot inflation reports in two days.
And Bitcoin barely moved.
That's the part nobody's talking about.
PPI came in at +1.3% when the market expected about 0.5%. The hottest reading in over three years. Rate-hike odds went up. Nasdaq futures fell. BTC lost roughly $500.
When the worst inflation news in years gets a shrug, one of two things is true:
1) Sellers are already tired.
2) The market is waiting for one more push.
My read: $80,000 decides it. Not the headlines.
Hold it and a bounce is on the table.
Lose it and $78K gets tested.
Which one are you betting on? 👇
Not financial advice.
$BTC $ETH #PPI #Bitcoin #Inflation #XVorex #BinanceSquare
And Bitcoin barely moved.
That's the part nobody's talking about.
PPI came in at +1.3% when the market expected about 0.5%. The hottest reading in over three years. Rate-hike odds went up. Nasdaq futures fell. BTC lost roughly $500.
When the worst inflation news in years gets a shrug, one of two things is true:
1) Sellers are already tired.
2) The market is waiting for one more push.
My read: $80,000 decides it. Not the headlines.
Hold it and a bounce is on the table.
Lose it and $78K gets tested.
Which one are you betting on? 👇
Not financial advice.
$BTC $ETH #PPI #Bitcoin #Inflation #XVorex #BinanceSquare