Post
Salman-mirza
As soon as CPI data was released, $BTC delivered another important lesson to the market: **Never rush to predict the direction!**
Last night's volatility was intense.
US October CPI came in at 0.4% month-over-month, above the market expectation of 0.3%. Core CPI also rose 0.3%, exceeding the forecast of 0.2%.
Following the release, the US dollar and Treasury yields moved higher, while expectations of a December Fed rate hike strengthened.#DailyOrbit
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