🚨 Tomorrow's CPI report (8:30 AM ET) could be a major catalyst for Bitcoin.


Last month, hotter-than-expected inflation triggered heavy selling in Spot Bitcoin ETFs, with over $5.4 billion in net outflows since the release.Current consensus forecasts:• Headline CPI: 4.2% (up from 3.8%)•
Core CPI: 2.9% (up from 2.8%)A CPI reading at or above expectations could strengthen concerns that the Fed may keep rates higher for longer, or even consider additional tightening.
A softer-than-expected print would likely support risk assets, although most analysts currently do not expect inflation to cool meaningfully.
The report comes just days before the June 16-17 FOMC meeting, where markets are pricing in a near-certain pause in interest rates.
#news $BTC $GT $ETH
BTC-2.04%
GT-0.15%
ETH-1%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned