CPI Tonight: Stocks & Crypto Are Waiting for One Number
US stocks and crypto have been stuck sideways, waiting for CPI to break the deadlock.
📈 Hot CPI: Higher rate-hike odds → yields rise → Nasdaq and $BTC face pressure. BTC could retest $60K.
➡️ In-line CPI: Probably more range trading. $BTC stays around $62K–$66K, while Nasdaq remains stuck near recent levels.
📉 Cool CPI: Rate-hike expectations fade → tech and BTC could rally. $BTC may test $68K, but holding $70K is another story.
US stocks and crypto have been stuck sideways, waiting for CPI to break the deadlock.
📈 Hot CPI: Higher rate-hike odds → yields rise → Nasdaq and $BTC face pressure. BTC could retest $60K.
➡️ In-line CPI: Probably more range trading. $BTC stays around $62K–$66K, while Nasdaq remains stuck near recent levels.
📉 Cool CPI: Rate-hike expectations fade → tech and BTC could rally. $BTC may test $68K, but holding $70K is another story.