📡 Hot CPI Drags BTC Toward 73K
Bitcoin trades near 73,500, down about 2% in 24 hours after dipping toward 72,700 overnight. Ethereum sits near 2,050, down about 3%, while Solana trades near 83, down about 3%.
October CPI came in hotter than expected. Headline inflation rose 0.4% month on month against 0.3% expected, and core rose 0.3% for a third straight month against 0.2% expected. There was no year on year figure again, because the BLS never collected October 2025 prices during the shutdown.
The print puts a December hike firmly back on the table, with talk now even of a larger move after core landed exactly on the level Fed Governor Waller flagged. Spot BTC ETFs also saw 201 million dollars of net outflows on Monday, a third straight day of redemptions.
👀 Support 73,000 and 70,000. Resistance 75,000 and 76,000.
October PPI lands on Friday and could add to the tape before the Fed meeting in December.
📌 Personal opinion, not financial advice. DYOR.
#BTC #Crypto #CryptoMarket #CPI
$BTCUSDT $ETHUSDT $SOLUSDT
Bitcoin trades near 73,500, down about 2% in 24 hours after dipping toward 72,700 overnight. Ethereum sits near 2,050, down about 3%, while Solana trades near 83, down about 3%.
October CPI came in hotter than expected. Headline inflation rose 0.4% month on month against 0.3% expected, and core rose 0.3% for a third straight month against 0.2% expected. There was no year on year figure again, because the BLS never collected October 2025 prices during the shutdown.
The print puts a December hike firmly back on the table, with talk now even of a larger move after core landed exactly on the level Fed Governor Waller flagged. Spot BTC ETFs also saw 201 million dollars of net outflows on Monday, a third straight day of redemptions.
👀 Support 73,000 and 70,000. Resistance 75,000 and 76,000.
October PPI lands on Friday and could add to the tape before the Fed meeting in December.
📌 Personal opinion, not financial advice. DYOR.
#BTC #Crypto #CryptoMarket #CPI
$BTCUSDT $ETHUSDT $SOLUSDT
