CoinScoopMarket Volatility Surges Following Hot CPI Data as Fed Decision Approaches
Markets experienced significant volatility following higher-than-expected CPI data, with stocks and gold initially dropping before recovering. Bitcoin remained resilient near $79,000, while Ethereum climbed above $2,500. With rate hike expectations for next week exceeding 70% and bond markets under pressure, attention is turning to the upcoming cloture vote for the CLARITY Act (US digital-asset market-structure bill) scheduled for Monday, the 15th.
Summaries are written by AI from the original article. Not investment advice.