Key Highlights: Hotter-than-expected Consumer Price Index (CPI) data has sharply elevated market expectations for Federal Reserve monetary policy tightening. CME FedWatch pricing shows the odds of an October 25-basis-point rate hike surging to 49.3%, while the likelihood of rates holding steady dropped to 50.7%. Bank of America analysts, as reported by CNBC, now forecast that ...
Key Highlights: Bitcoin price targets are pinned between an $80,000 downside risk and an $86,000 recovery, heavily hinging on upcoming U.S. CPI and PPI inflation reports. Institutional sentiment faces friction following substantial weekly spot Bitcoin ETF outflows, including a single-day withdrawal of $484.9 million on October 7. Geopolitical friction and elevated crude oil prices have ...
Ethereum Surges Toward $2,700 as CPI Data Sparks Whale Activity and Short Liquidations Ethereum (ETH) is building momentum after a sharp post-CPI rally pushed the asset toward $2,667, bringing the critical $2,700–$2,800 resistance zone back into focus. The move was accompanied by a nearly 14% increase in transactions exceeding $1 million, signaling heightened whale participation ...
Bitcoin’s Daily Golden Cross Fails as Hawkish Fed Expectations Trigger Pullback Bitcoin’s brief daily golden cross collapsed Friday evening as the 50-day exponential moving average (EMA) slipped back below the 200-day EMA, reversing a bullish signal that had confirmed earlier in the session. The cryptocurrency retreated to $77,438 after reaching an intraday high near $79,837, ...
U.S. Inflation Data Delivers Mixed Signals as Core CPI Runs Hot The latest Consumer Price Index (CPI) report from the Bureau of Labor Statistics gave markets a mixed bag on Friday. Headline inflation rose 3.4% year-over-year and 0.4% month-over-month, both matching consensus estimates and matching July’s annual pace. However, core CPI—which excludes food and energy—told ...
Investor appetite for U.S.-listed spot bitcoin exchange-traded funds (ETFs) has surged in recent weeks, yet cumulative flows for 2024 remain deeply negative. Strong Summer Inflows Fail to Offset Spring Selloff Data from SoSoValue shows a dramatic turnaround in August, which attracted a massive $3.52 billion in fresh capital. Momentum carried into September, adding another $770.15 ...