Bitcoin: A Comedy of Interest Rates and Inflation

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Oh, dear Bitcoin, what a tale this is!

  • BTC, our beloved digital gold, danced past $105K like a Cossack on a merry-go-round after the Fed’s little dance.
  • Now, we’ve got our eyes on those magic numbers: $108K, $110K, and $97.5K. But beware, they may prove to be as elusive as a leprechaun’s pot of gold. 😂

The good folks at the Fed kept their interest rates nice and steady, like a ship gently rocking on a calm sea. But then, they threw a curveball: “Inflation is still a bit of a party animal.” 🙄

Jerome Powell, the Fed’s chief kazoo player, tried to sound all tough and hawkish, but he couldn’t keep a smile off his face. He was like, “We’ll raise rates, but not if inflation gets a little too… friendly.” 😂

But hold on to your borscht, folks! Our illustrious former President, Donald Trump, wasn’t impressed. He huffed and puffed like a big bad wolf, saying the Fed should just “drill, baby, drill!” and everything would be hunky-dory. 🤦‍♂️

Fed and inflation

Now, all eyes are on the inflation report, like a hungry wolf eyeing a plump cow. If it shows inflation is still having a good time, BTC may just take a tumble down to $97.5K, like a drunken sailor falling off a ship. 🤕

But if inflation gets a little shy, BTC could soar to $108K or even $110K, like a Cossack dancing in the moonlight. ✨

Liquidation heatmap

So, let us sit back, my friends, and enjoy this grand comedy of interest rates and inflation. May the best asset win! 🍻

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2025-01-30 20:09