Post
Trade with BilalX
Weak US nonfarm payrolls sharply reduced expectations for an October rate hike, easing near-term pressure on risk assets.
That gives $BTC, $ETH, and $ZEC some breathing room.
But the macro story isn't settled yet.
The next major test is mid-October CPI. If inflation comes in hotter than expected, rate-hike expectations could quickly return and put pressure back on crypto.
For now, the setup is simple:
Weak jobs → less hike pressure
Hot CPI → potentially more hike pressure
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$82,556.9+0.02%
ETH/USDTEthereum
$2,424.72+0.02%
OKB/USDTOKB
$113.82+0.01%
Today’s market buzz
1#BTCETHInflowsWatch
2#SpaceXQ3Earnings
3#NetflixQ3AdsAndMargins
