The September CPI report landed hot this morning. Headline inflation rose 3.7% year over year, above the 3.6% forecast. Core CPI hit 2.6% against 2.5% expected. Bitcoin dropped more than $1K within minutes, yet I am still in my long. What the...
cpi
Dollar 18-Month High: My Bitcoin Trade Plan for CPI Week
The dollar 18-month high is the main reason Bitcoin dipped to start the week. Right now, the Dollar Index (DXY) trades near 102.2, up from about 98.8 in early September. Meanwhile, BTC sits around $82.6K as I write. A stronger dollar usually...
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