🚨 INFLATION IS HEATING UP. BITCOIN IS FEELING THE PRESSURE.
October CPI came in hotter than expected:
📊 Headline CPI: +0.4% vs 0.3% expected
📊 Core CPI: +0.3% vs 0.2% expected
Markets are now pricing in a December Fed rate hike, while the odds of a 50 bps move have reportedly climbed to around 14%.
Meanwhile, $BTC is hovering near $73K, its weakest level since August 20.
Higher inflation and tighter monetary policy expectations could keep pressure on crypto.
👀 The big question: How much lower can Bitcoin go?
Are we approaching a bottom, or is more downside ahead?
$BTC $ETH
October CPI came in hotter than expected:
📊 Headline CPI: +0.4% vs 0.3% expected
📊 Core CPI: +0.3% vs 0.2% expected
Markets are now pricing in a December Fed rate hike, while the odds of a 50 bps move have reportedly climbed to around 14%.
Meanwhile, $BTC is hovering near $73K, its weakest level since August 20.
Higher inflation and tighter monetary policy expectations could keep pressure on crypto.
👀 The big question: How much lower can Bitcoin go?
Are we approaching a bottom, or is more downside ahead?
$BTC $ETH