JUST IN ⚡
Bitcoin steadies despite a scorching U.S. CPI report, as ETF outflows lose momentum 🚀
The CPI jumped to 3.8% YoY, the highest in over a year, raising Fed tightening expectations. Bitcoin held near $28,700, barely reacting to the inflation shock. ETF outflows slowed to a net $45 million, the smallest weekly outflow since August 📈. Analysts say the muted move signals stabilizing institutional demand, which could fuel a rally if inflation cools.
The market will watch the next data release closely 🔔
$MVLLB , $SOXLB , $AGT
Bitcoin steadies despite a scorching U.S. CPI report, as ETF outflows lose momentum 🚀
The CPI jumped to 3.8% YoY, the highest in over a year, raising Fed tightening expectations. Bitcoin held near $28,700, barely reacting to the inflation shock. ETF outflows slowed to a net $45 million, the smallest weekly outflow since August 📈. Analysts say the muted move signals stabilizing institutional demand, which could fuel a rally if inflation cools.
The market will watch the next data release closely 🔔
$MVLLB , $SOXLB , $AGT