$PONS is showing strong bearish momentum over the past 24 hours, dropping from a high of 0.61361 to a current price around 0.55160 a decline of roughly 10%. The most intense selling occurred on Sept 13, with a massive volume spike of 25,748.97 trade amount, signaling a major sell-off event.
August CPI gives the Fed another reason to stay cautious.
Headline CPI held at 3.4% YoY, matching expectations, but core CPI surprised higher at 0.3% MoM vs 0.2% expected.
That sticky inflation could keep the dollar supported and create near-term pressure for BTC and gold.
For me, the key question now is whether the Fed sees enough progress to keep the easing narrative alive.
I’m watching the reaction closely, on BingX, useful for keeping an eye on multiple markets from one place.
$BTC $DXY $XAU
August CPI gives the Fed another reason to stay cautious.
Headline CPI held at 3.4% YoY, matching expectations, but core CPI surprised higher at 0.3% MoM vs 0.2% expected.
That sticky inflation could keep the dollar supported and create near-term pressure for BTC and gold.
For me, the key question now is whether the Fed sees enough progress to keep the easing narrative alive.
I’m watching the reaction closely, on BingX, useful for keeping an eye on multiple markets from one place.
$BTC $DXY $XAU
