Eyes on U.S. #CPI Data on Thursday 👀(Oct 12)

Market Updates:

📌 #Bitcoin is hovering above $27,500 while the broader #cryptomarket is lower today.

📌 U.S. #inflation figures for September will be released on Thursday, the expected inflation rates are 3.6% YoY for the headline inflation and 4.1% YoY for the core inflation.

📌 The Israel-Hamas conflict has spurred fears of surging prices for #oil

📌 The #Fed-Funds futures are pricing in a rate hike of 25bps in November with 15.58% probability.

📌 Former #Alameda CEO Caroline Ellison is expected to testify at the #SBF trial today.

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https://coinpedian.substack.com/

In a year marked by economic uncertainty, persistently high inflation, and concerns over rising interest rates, Bitcoin (BTC) has emerged as the star performer, outperforming other traditional asset classes.

Bitcoin rose +107%, outperforming NASDAQ (+33%), S&P 500 (+11%), Oil (+10%), Gold (+8.4%), and Silver (-3.5%).



#Bitcoin #NASDAQ #SP500 #Oil #Gold #SIlver