After those big ppi and jobs reports dropped everyone is glued to the consumer price index vibes rn 👀 The us bureau of labor statistics just dropped the numbers showing a 3.7% year over year rise which beat the 3.6% guess while the month over month climb hit the expected 0.6%.
Core inflation stays sticky af 🔥
Core cpi which skips the wild energy and food swings climbed 2.6% year over year and 0.3% month over month beating the lower estimates of 2.5% and 0.2% respectively 🖤
Bitcoin took an instant nosedive losing a whole grand and slipping from around 83800 bucks down to 82800 in the first minutes after the data hit 📉
Lacie zhang research analyst at bitget wallet mentioned that another hotter than expected print like this one could trigger a sharper repricing 💀
The biggest risk investors may be underpricing is that sticky core inflation driven by energy spillovers tariffs or sustained demand keeps the fed on a higher for longer path beyond the single additional hike many still expect later this year she added 🌙
She pointed out the next major support zone for btc at 81000 to 82000 hinting it might get retested soon if the selling pressure ramps up after this cpi 😈
Bitcoin reacted quick but defi folks are already eyeing the next moves with this fresh data in play 💸
Just another echo from the void by iconofsin.eth 💖
