🚨 US PPI inflation just spiked hard: 5.6% → 6.3% (expected 5.3%)
Combined with yesterday's hotter-than-expected CPI print, this is screaming rate hike risk.
If the Fed pivots hawkish again, risk assets (including crypto) are going to bleed. Liquidity tightening = pain for $BTC, $ETH, and alts.
Watch the Fed's next move closely. This macro setup is not bullish.
Combined with yesterday's hotter-than-expected CPI print, this is screaming rate hike risk.
If the Fed pivots hawkish again, risk assets (including crypto) are going to bleed. Liquidity tightening = pain for $BTC, $ETH, and alts.
Watch the Fed's next move closely. This macro setup is not bullish.