THE SECOND INFLATION TEST IN FOUR DAYS LANDS FRIDAY. CRYPTO IS ALREADY ON EDGE. 🚨
Tuesday's CPI report came in hot, and Bitcoin dumped to about $72,700, its lowest since August. The next number drops Friday at 8:30 AM Eastern: the PPI.
I've been tracking this one so you don't have to.
FOR BEGINNERS
PPI measures the prices producers get for their goods and services. Think of it as wholesale inflation, one step before the prices you pay in stores. When it runs hot, it usually leaks into consumer prices later, which is exactly what the Fed worries about.
Why this one matters:
📊 September's PPI jumped 1.3% in one month, the biggest monthly gain since March 2022
🎯 Economists expect +0.4% this time. Cooler, but still hot
🏦 A December Fed hike was priced above 80% even before Tuesday's CPI
📉 Bitcoin reportedly dropped after hot CPI and PPI reports in both September and October
What to watch:
🟢 Below +0.4% = relief rally possible as hike fears ease
🔴 Above +0.4% = another test of that $72,700 low
Bitcoin is sitting around $75,000, caught between inflation fear and a Fed that already hiked once in September.
Does PPI break the market on Friday, or finally give it room to breathe? 👇
$BTC $ETH $SOL #PPI #Inflation #Fed #Bitcoin #BinanceSquare
Tuesday's CPI report came in hot, and Bitcoin dumped to about $72,700, its lowest since August. The next number drops Friday at 8:30 AM Eastern: the PPI.
I've been tracking this one so you don't have to.
FOR BEGINNERS
PPI measures the prices producers get for their goods and services. Think of it as wholesale inflation, one step before the prices you pay in stores. When it runs hot, it usually leaks into consumer prices later, which is exactly what the Fed worries about.
Why this one matters:
📊 September's PPI jumped 1.3% in one month, the biggest monthly gain since March 2022
🎯 Economists expect +0.4% this time. Cooler, but still hot
🏦 A December Fed hike was priced above 80% even before Tuesday's CPI
📉 Bitcoin reportedly dropped after hot CPI and PPI reports in both September and October
What to watch:
🟢 Below +0.4% = relief rally possible as hike fears ease
🔴 Above +0.4% = another test of that $72,700 low
Bitcoin is sitting around $75,000, caught between inflation fear and a Fed that already hiked once in September.
Does PPI break the market on Friday, or finally give it room to breathe? 👇
$BTC $ETH $SOL #PPI #Inflation #Fed #Bitcoin #BinanceSquare
