Highest CPI since 2022 just dropped – crypto didn't flinch
CPI came in at 3.5% year-over-year. Highest since 2022.
Markets expected 3.4%. We got 3.5%. Not a huge miss, but direction matters – inflation is sticky.
Traditional markets reaction:
Stocks down
Dollar up
Rate cut hopes? Pushed to September at best
Crypto reaction:
Bitcoin $BTC dipped $1K fast… then bounced right back
Why? Two things:
1️⃣ Crypto already priced in bad news. We've bled for weeks.
2️⃣ Real narrative now is "freedom from fiat" – high CPI just reminds people why Bitcoin exists.
What I'm watching:
BTC support at $66K. If that breaks, next is $62K
But if CPI is the worst of it? Bottom might be in
Not financial advice. Just saying – inflation isn't going away fast. That's literally Bitcoin's whole pitch.
You buying this dip or waiting?
#CPI #Bitcoin #Inflation #BinanceSquare #highestcpisince2022
