🚨 CPI DAY: $BTC AT $83.7K, GREED BACK AT 62 ‼️
Guys, today's the big one. US inflation data drops today and expectations are running hot around 3.7%.
Bitcoin is sitting near $83,700 (+1% today) while the Fear & Greed index just climbed to 62, back in Greed territory. Spot BTC ETFs flipped to $109.8M in inflows yesterday after back-to-back red days, so institutions are dipping their toes back in. But the 10-year Treasury is at 5.19% and the 2-year near 4.80%, meaning any CPI surprise lands straight on risk assets.
A hot print could push yields and the dollar higher and drag crypto down with them. A cooler number could be exactly the spark the bulls are waiting for.
What's your call: hot print pain, or CPI relief rally? 👇
Not financial advice. DYOR.
#crypto #bitcoin #CPI
Guys, today's the big one. US inflation data drops today and expectations are running hot around 3.7%.
Bitcoin is sitting near $83,700 (+1% today) while the Fear & Greed index just climbed to 62, back in Greed territory. Spot BTC ETFs flipped to $109.8M in inflows yesterday after back-to-back red days, so institutions are dipping their toes back in. But the 10-year Treasury is at 5.19% and the 2-year near 4.80%, meaning any CPI surprise lands straight on risk assets.
A hot print could push yields and the dollar higher and drag crypto down with them. A cooler number could be exactly the spark the bulls are waiting for.
What's your call: hot print pain, or CPI relief rally? 👇
Not financial advice. DYOR.
#crypto #bitcoin #CPI