Bitcoin just took another spooky lil dive rn after the US Bureau of Labor Stats unleashed that August CPI data and it matched what everyone kinda predicted fr 👀📉.
The regular CPI came in at a 3.4% year-over-year bump exactly as anticipated while the monthly rise hit 0.4% too 🖤.
Core CPI excluding the wild food and energy stuff jumped 2.4% YoY but the monthly bit was a tiny surprise at 0.3% instead of the 0.2% folks expected 💀🔮.
BTC Chart Chaos Unfolds After CPI Drop 😈
BTC reacted in true chaotic fashion by dumping a whole grand right after the news hit but clawed back up above 77000 as of now 🌙💸.
This marks the second inflation drop this week following yesterdays PPI release that showed a bigger 5.4% surge 🚀.
With all the inflation tea spilled for the week everyones sinister little eyes are locked on the US Federal Reserve now for their next FOMC meeting on September 15-16 where the rate decision drops the day after 😈🕸️.
Current vibes point to experts betting on a 25 bps rate hike lol.
Just another echo from the void by iconofsin.eth 💖
