ALERT NEWS: 🇺🇸 The US CPI came in above expectations: 2.7%, compared to a projection of 2.6% and a previous figure of 2.4%. This number reinforces inflationary pressure and may delay any expectations of interest rate cuts by the Fed. For the crypto market, this raises a red flag: high interest rates for a longer period reduce global liquidity and drive speculative capital away from higher-risk assets like Bitcoin and altcoins.
The scenario reinforces the importance of caution. The market reaction can be immediate, with increased volatility and testing of important supports in the charts.
Now is the time to analyze coolly and wait for the Fed's next response. The chart will tell the rest of the story.
