Macro· ★★★· bearish·

HTX analyst: US inflation is back, market re-prices for 'higher for longer'

  • —US September CPI accelerated to 3.7% year-on-year, core inflation to 2.6%
  • —Gasoline rose 9.1% in a month, contributing over half of the headline gain
  • —Housing, healthcare and airfares also rose, so the rebound is not purely energy-driven
  • —Bitcoin dropped below $82,000 after the CPI release as yields and the dollar climbed
Why it matters: Sticky inflation puts real rates and liquidity back in focus, capping upside for risk assets including bitcoin.
#BTC
Source: PANews
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