$BITCOIN s playing the same game as stocks this week. 📉
$BTC sitting around $77,236 tonight, down about 3.9% from last Sunday's $80,350, and only just off Thursday's low near $76,565.
Same story as equities. Hotter than expected core CPI has traders pricing in higher odds of a Fed rate hike, and that's pressuring risk assets across the board, crypto included.
Stocks and crypto are trading off the same headline right now, Wednesday's Fed decision. 🚪
#BTC #bitcoin #FEDDATA
$BTC sitting around $77,236 tonight, down about 3.9% from last Sunday's $80,350, and only just off Thursday's low near $76,565.
Same story as equities. Hotter than expected core CPI has traders pricing in higher odds of a Fed rate hike, and that's pressuring risk assets across the board, crypto included.
Stocks and crypto are trading off the same headline right now, Wednesday's Fed decision. 🚪
#BTC #bitcoin #FEDDATA