๐ด๐ฅ ๐๐ข๐ญ๐๐จ๐ข๐ง & ๐๐ฅ๐ญ๐๐จ๐ข๐ง๐ฌ ๐๐๐ญ๐ญ๐ฅ๐ ๐๐ฌ ๐๐ ๐๐ง๐๐ฅ๐๐ญ๐ข๐จ๐ง ๐๐๐ญ๐ ๐๐ฎ๐ซ๐ฉ๐๐ฌ๐ฌ๐๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ญ๐ข๐จ๐ง๐ฌ ๐
The latest inflation figures for January in the United States have been released, revealing an annual inflation rate of 3%, slightly above the anticipated 2.9%. Similarly, core inflation came in at 3.3%, surpassing the market forecast of 3.1%. On a monthly basis, core inflation rose 0.4%, exceeding the expected 0.3%, signaling persistent inflationary pressures.
Following this announcement, Bitcoin and major altcoins witnessed sharp declines. Bitcoin, which was trading at $96,600, slid to $94,088 within hours. Similarly, Ethereum dropped from $2,665 to $2,558, while numerous altcoins faced double-digit losses across the board. This unexpected inflation surge has forced analysts to rethink the timeline for the Federal Reserveโs next interest rate cut, with market projections shifting from September to a later, uncertain date.
The impact extended beyond the crypto market, triggering sell-offs in traditional financial sectors. Futures tied to the S&P 500 saw an immediate 1% dip, reflecting broader economic concerns. Meanwhile, former U.S. President Donald Trump reiterated his stance, urging the Federal Reserve to implement rate cuts, stating that lower interest rates could be complemented by strategic tariffs. As macroeconomic uncertainty looms, investors are closely monitoring the Fedโs next move, anticipating its potential impact on both crypto and global markets.
๐ #BitcoinVolatility #CryptoMarketCrash #BTCInflationHedge #Write2Earn #1000CHEEMS&TSTOnBinance $BTC $ETH $BNB