PPI Pushed $BTC higher!
2025-01-14
Category: None

You should have seen this  CRYPTOCAP:BTC  rally coming, but even if you didn't you shouldn't get too bullish just yet!

The US PPI numbers released today were lower than expected, which caused  CRYPTOCAP:BTC  to rally. However, we are not going straight to all-time highs from this alone!

Tomorrow, we have US CPI and other inflation data points coming out, which have a massive influence on the Fed's Interest Rate decisions.

Similar to what PPI did today, if tomorrow's CPI is lower than expected, we'll have a rally because 

Lower inflation = lower Interest Rates =  CRYPTOCAP:BTC  goes higher!

But if CPI is greater than expected tomorrow, this suggests:

Higher inflation = higher Interest Rates =  CRYPTOCAP:BTC  goes lower.

Despite what happens this week, Donald Trump will be inaugurated on Monday, January 20th, which is bullish for $BTC!

So make sure you are allocating and building up your portfolio in anticipation!