🔥 HOT CPI JUST SLAMMED BITCOIN BELOW $74,000
October CPI came in at 0.4% — hotter than the 0.3% everyone expected. Core inflation stuck at 0.3% for a third straight month. 👀
BTC crashed to $73,400 in just 5 minutes — and $200 MILLION in crypto longs got wiped out in that same window. BTC is now fighting to hold near ~$74,100.
Fed Governor Waller already hinted a hot core reading could mean a BIGGER December rate hike. Traders are now pricing in 25bps on Dec 9.
Is $73,000 the line that holds — or is this just the start of the flush? 👇
#Bitcoin #BTC #CPI
October CPI came in at 0.4% — hotter than the 0.3% everyone expected. Core inflation stuck at 0.3% for a third straight month. 👀
BTC crashed to $73,400 in just 5 minutes — and $200 MILLION in crypto longs got wiped out in that same window. BTC is now fighting to hold near ~$74,100.
Fed Governor Waller already hinted a hot core reading could mean a BIGGER December rate hike. Traders are now pricing in 25bps on Dec 9.
Is $73,000 the line that holds — or is this just the start of the flush? 👇
#Bitcoin #BTC #CPI