Macro· ★★★★· bearish·

Bitcoin at $80,500 after 3.7% CPI; Richard Heart detained in Istanbul

  • —Bitcoin at $80,500, down 3.5% on the day; Ethereum at $2,350, down 6%
  • —Bitcoin ETFs posted $261 million in outflows, Ethereum ETFs $130 million
  • —Richard Heart detained in Istanbul on a Finnish tax fraud warrant
  • —STRK gained over 150% in a month on privacy-related upgrades
Why it matters: Hot CPI data raises the odds of further Fed rate hikes, pressuring crypto and risking another wave of liquidations.
Source: Block-Builders