$BTC
Market Drivers Today
• Hot U.S. Inflation Data. Yesterday's October Consumer Price Index (CPI) rose 0.4% (above the expected 0.3%), pushing U.S. Treasury yields higher and raising market bets on a December Federal Reserve rate hike.
• ETF Outflows & Weak Sentiment. U.S. spot Bitcoin ETFs have logged roughly $1.18 billion in net outflows over the past three weeks, while the Crypto Fear & Greed Index sits in fear territory at 29.
• Key Price Levels. Immediate support sits near Tuesday's low of $72,727 (with $68,902 as the next major floor), while buyers need a push back above $75,400 to regain short-term momentum.
Market Drivers Today
• Hot U.S. Inflation Data. Yesterday's October Consumer Price Index (CPI) rose 0.4% (above the expected 0.3%), pushing U.S. Treasury yields higher and raising market bets on a December Federal Reserve rate hike.
• ETF Outflows & Weak Sentiment. U.S. spot Bitcoin ETFs have logged roughly $1.18 billion in net outflows over the past three weeks, while the Crypto Fear & Greed Index sits in fear territory at 29.
• Key Price Levels. Immediate support sits near Tuesday's low of $72,727 (with $68,902 as the next major floor), while buyers need a push back above $75,400 to regain short-term momentum.
