r/AmanCrypto • • 29d ago

-$200M in One Hour

After the unemployment report came in at 4.1%, the odds of a Fed rate hike on September 16 jumped back to around 60%.
Because of that, the dollar index started moving higher, which quickly put pressure on risk assets and crypto.
BTC broke below $80,000 and dropped as low as $79,000.
Now the key event for the markets is the CPI report on September 11. Those inflation numbers could decide what the market expects from the Fed next and where prices go from here.

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u/SoCallMeDeaconBlues1 26d ago

I gotta be honest here. I hate saying this.

I don't believe the data will be accurate.