🚨 CRYPTO BLOOD BATH‼️WHAT JUST HIT THE MARKET? 🩸
Look at this screen… almost every major coin is bleeding. $BTC is down 2%, while $ETH , $SOL, $ZEC and $LINK are taking an even harder hit.
And there’s a reason for the pressure
🇺🇸 US inflation came in hotter than expected. September CPI hit 3.7% against the 3.6% forecast. That’s keeping rate concerns alive, pushing the dollar and bond yields higher.
On top of that, more than $800M in crypto liquidations were reported as leveraged positions got wiped out.
My take? I’m not rushing to buy this dip. I want to see whether BTC can hold support and how buyers react next.
Is this a buying opportunity or more downside ahead?
#cryptocrash #CryptoNews #US #CPIWatch #Inflation
Look at this screen… almost every major coin is bleeding. $BTC is down 2%, while $ETH , $SOL, $ZEC and $LINK are taking an even harder hit.
And there’s a reason for the pressure
🇺🇸 US inflation came in hotter than expected. September CPI hit 3.7% against the 3.6% forecast. That’s keeping rate concerns alive, pushing the dollar and bond yields higher.
On top of that, more than $800M in crypto liquidations were reported as leveraged positions got wiped out.
My take? I’m not rushing to buy this dip. I want to see whether BTC can hold support and how buyers react next.
Is this a buying opportunity or more downside ahead?
#cryptocrash #CryptoNews #US #CPIWatch #Inflation