Big crypto week ahead? What to watch for in the ‘Uptober’ homestretch
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As we detail what to watch on this week’s crypto/macro front, let’s first look back to some telling economic data.
Friday’s CPI report showed overall and core inflation increased 3% over the 12 months ending in September. This impacted risk assets, with S&P 500 futures rising to a new record and bitcoin reclaiming the $111,000 level. BTC continued to climb early Monday, hovering 6% higher than a week ago by midday.
The “softer-than-expected” CPI print “reinforced the Fed’s dovish pivot,” according to 21Shares crypto investment specialist David Hernandez.
CME Group’s FedWatch tool — using 30-day fed funds futures…
