Stronger-than-expected CPI has added uncertainty to the interest rate outlook. A potential rate hike could affect liquidity, market sentiment, and crypto volatility.
Despite October US CPI printing at 0.4% MoM (pushing December Fed rate hike odds above 85%), the crypto market has absorbed the macro shock with notable strength:
• $BTC is holding firm at $74,359 (+1.87% 24h) above its $72,785 low
• $ETH is up +3.09% at $2,085.59 testing overhead resistance
• $SOL (+3.48% at $85.13) and AVAX (+5.11% at $8.62) are leading high-beta L1 recovery
With a 25bp December hike largely priced in, traders are watching Friday's US PPI release and key support boundaries before the Dec 8–9 FOMC meeting.
#HotCPIDecemberHikePriced
Despite October US CPI printing at 0.4% MoM (pushing December Fed rate hike odds above 85%), the crypto market has absorbed the macro shock with notable strength:
• $BTC is holding firm at $74,359 (+1.87% 24h) above its $72,785 low
• $ETH is up +3.09% at $2,085.59 testing overhead resistance
• $SOL (+3.48% at $85.13) and AVAX (+5.11% at $8.62) are leading high-beta L1 recovery
With a 25bp December hike largely priced in, traders are watching Friday's US PPI release and key support boundaries before the Dec 8–9 FOMC meeting.
#HotCPIDecemberHikePriced