In the dusty fields of the digital economy, the Consumer Price Index (CPI) came rolling in like a storm, sending crypto prices diving like startled rabbits. 🐇💨
Bitcoin, the old mule of the crypto farm, took a knee at $94,200 before mustering the strength to climb back to $95,500. 🐴📈
But let’s be honest, when the market’s initial reaction is as predictable as a drunkard’s stumble, it’s just the wise investors waiting to scoop up the gold from the riverbed. 🤓👷♂️
With the CPI burning hot, BTC might just waltz back down to the $91.2k dance floor. Yet, the clever foxes are already snatching up Bitcoin, Ethereum, BNB, and those quirky low-cap meme coins. 🦊🛍️
What’s the Fuss About the Scorching CPI?
Crypto prices have been as jittery as a cat on a hot tin roof, thanks to the inflation monster breathing down our necks. 🐱🔥
Bitcoin’s value tumbled from a lofty $102k to a humble $95k, all because the dollar got strong and the treasuries yields got high. 🚀🛑
January’s CPI was a sizzling surprise, with headline inflation cooking up a 3% rise YoY, when everyone was betting on 2.9%. Core CPI, minus the groceries and gas, jumped to 3.3% YoY, showing the 3.1% forecast who’s boss. 🍳🔥
🚨 Breaking News: January US CPI inflates like a balloon, 3.0% up, up, and away! Core CPI is the cherry on top at 3.3%. 🎈🍒
— Jesse Cohen (@JesseCohenInv) February 12, 2025
With inflation on a roll like a tumbleweed, the interest rate folks are now singing a different tune, pushing back the dreams of a Fed rate cut until the snow falls in December. ❄️🎶
The US Dollar Index (DXY) is strutting its stuff above 108, while long-term treasury yields are on a roll. Both are giving the crypto market a good ol’ scare. 🌬️👻
Why the Crypto Bulls Ain’t Scared?
Despite the CPI’s fiery breath, the smart money crowd is still riding the crypto bull with a smile on their face. 🤠🐂
Take Julian Bittel, a fancy-pants financial analyst, who reckons global liquidity will keep on flowing like a river, even if the Fed takes a breather. 🌊💼
And let’s not forget Bluntz, the legendary trader, who sees the US Dollar’s days numbered, paving the way for a wild ride in risk assets. 🎢🌵
$dxy looking peaky, I’m calling it: top of the pops for the next 1-2 yrs. 🎤📈
— Bluntz (@Bluntz_Capital) February 5, 2025
So, when crypto takes a dip, it’s just the big fish waiting to feast. 🐟🍽️
Bitcoin’s bounce back to $95,500 after the CPI fireworks is just a sideshow. The real circus is when it dips to $91.2k, and the smart money jumps in with both feet. 🎪👣
Ethereum’s had a dip too, but guess what? The big whales scooped up over 600,000 ETH like it was going out of style. 🐋🛍️
Whales hoarding 600,000 #Ethereum $ETH like it’s the last coin on Earth! 🌍🔝
— Ali (@ali_charts) February 12, 2025
If the big shots are right, it’s time to dive into ETH and those wacky Ethereum meme coins. 🤑🏊♂️
And let’s not forget BNB and its posse, which
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2025-02-12 21:54