BREAKING‼️ Bitcoin plunges $6,000 in minutes after reports of Iran launching up to 100 drones towards Israel in retaliation for their embassy being bombed by Israel earlier this month.
Good Morning Everyone! CPI hotter than expected +3.4% vs +3.2%.
- Shelter was +50% of the increase (expected to ease in spring)
- Energy up (except natural gas) but down 2% YoY
- Airline fares went up 1% MoM (weird!)
- Personal care and household furnishings down
- Almost all other categories INCREASED MoM
This CPI print takes pressure off the FED to cut rates prematurely.
Disinflation isn't a straight line.
Next FED meeting January 31st is crucial.
Someone sent Satoshi Nakamoto $1.17 MILLION in Bitcoin (27 BTC) on the 6th January 2024.
Interesting🐻
Is Satoshi still alive?
Or is it the FED?
Or some other US government entity?
#Bitcoin#BitcoinETF#SatoshiNakamoto#FederalReserve
Since December 2021, yesterday marked the fourth largest single-day shift in #Bitcoin market capitalization - Approximately $60 billion.
#BackToSchool#BacktoBasics