🚨 BREAKING: Inflation Data Shakes Markets! 🚨

After August's CPI #inflation report, the odds of a 50 basis point rate cut this month have plummeted from 34% to a shocking 8%! 😱

Will the FED hold the line or throw a curveball? 🏦

With pressure mounting, all eyes are on the next big decision. Brace yourself — the markets could be in for a wild ride! 📊💥

#FedWatch #InflationImpact #CryptoMarketMoves #CPI_BTC_Watch #MarketVolatility

🚨 $BTC Alert 🚨

Bitcoin has seen a sharp decline, currently trading at $59,515.63 (-2.91%). The resistance level at $62,000 remains a significant barrier, while the support around $58,000 is being closely tested.

This drop coincides with the recent release of the CPI inflation data, which has sent shockwaves through the crypto market. The higher-than-expected inflation figures have fueled uncertainty, leading to increased volatility across major cryptocurrencies.

As we move forward, traders should watch these key levels closely. A break below $58,000 could signal further downside, while a move above $62,000 may reignite bullish momentum.

#Crypto #Write2Earn! #MarketDownturn #InflationImpact #CryptoMarket

US Inflation Rate Drops to 2.9%, Triggering a Bearish Crypto Market

In a surprising twist, July’s US Consumer Price Index (CPI) fell to 2.9%, the lowest since March 2021, catching economists off guard who had expected a 3% rate. This slight recovery in the US economy quickly turned the crypto market bearish.

Bitcoin, which had been steadily climbing, slipped below $60,000, while Ethereum dropped to around $2,600. The market, which was on the mend from a major slump, saw Bitcoin crash as low as $47,000, pulling the global crypto market cap down to $1.88 trillion. The CPI report has shifted the momentum, bringing the market back into a bearish phase.

Remember to like and comment below. The Creator Award is ongoing, so don't forget to vote for us. 3rdeyeofcrypto ftw 🇮🇳👈

#CryptoNews #MarketUpdate #Binance #InflationImpact #BinanceTurns7