📊 U.S. Economic Data Hits Crypto, But Bitcoin Stays Strong
The latest GDP report shows U.S. economic growth faster than expected:
• Q3 GDP: 4.3% (vs. 3.3% expected)
• Core PCE inflation: 2.9% (above Fed target of 2%)
• Real personal spending: 3.5% (vs. 2.7% forecast)
💡 Why This Matters for Crypto:
• Strong growth reduces urgency for Fed rate cuts → higher interest rates likely into 2026
• Risk assets like altcoins face pressure as liquidity becomes selective
• Bitcoin, with its high liquidity, remains resilient; altcoins like ETH, SOL, ADA, and DOGE dropped 3–6%
📈 Market Momentum:
• MACD data shows 68% of tracked cryptos in negative momentum, mainly altcoins < $10B market cap
• Capital tends to rotate to Bitcoin as a safe liquidity attractor during uncertainty
⚠️ Takeaways for Traders:
• Bitcoin may trade sideways within key ranges, remaining strong
• Altcoins could face prolonged consolidation or downtrend
• Market leaders may consolidate further, highlighting Bitcoin’s dominance
Macro conditions suggest caution for altcoin investors but signal Bitcoin as a safe haven in risk-off periods.
#ETH #mmszcryptominingcommunity #DOGE #MarketUpdate #WriteToEarnUpgrade
