📈 $WLD reacted positively after the launch of World Money: a movement of approximately +3.68% on September 18, although it also attributes the move to the broader context of the crypto market. #MundoCryptoHoy #WLD
🚀 World launched “World Money”, a new self-custody finance app available in more than 150 countries, with payments via stablecoins, trading, performance features, and international transfers. World ID is also integrated for certain rewards #MundoCryptoHoy #WLD🔥🔥🔥 #WLD
#CPIWatch If the Fed surprises with a more favorable rates message, or if expectations of further hikes decline, $BTC could regain momentum and that would normally favor $ETH and the altcoins.
The problem was not so much the 3.4%, but that the monthly core inflation came out stronger. This increased expectations of a tighter Federal Reserve policy and put pressure on Bitcoin and the altcoins.#CPIWatch
📊 Annual CPI: 3.4%, the same as in July. 📉 Core annual CPI: 2.4%, down from 2.5%. 📈 The monthly CPI rose 0.4%, in line with expectations. 📊🌍🔥 #CPIWatch
#CPIWatch 🟢 Bitcoin and WLD: Positive? There is a positive side: that the annual Core CPI has fallen from 2.5% to 2.4% is a sign of some disinflation. 📊🔥
#CPIWatch Interest rates: A high CPI forces the Federal Reserve to keep rates high.Cost of borrowing: More expensive loans reduce the capital available to invest in digital assets.
#CPIWatch Monthly CPI: +0.4% Annual CPI: 3.4% Core CPI monthly: +0.2% Core CPI annual: 2.4% 👉 For BTC and WLD, the most bullish scenario would be for it to come in below those figures, especially core CPI. That could reduce pressure for the Fed to raise rates.
#CPIWatch 🟢 CPI below expectations: usually positive for BTC, WLD and other cryptocurrencies, because it increases the likelihood of rate cuts. 🟡 CPI in line with expectations: more moderate reaction. 🔴 CPI above expectations: usually negative, because it can reduce expectations of rate cuts.
#CPIWatch 🔮 The consensus expects approximately +0.4% monthly, 3.4% annually, and 2.4% for the core CPI. 💵 This figure can move Bitcoin, WLD, BNB, and the rest of the cryptocurrencies quite a bit, because it influences expectations for Federal Reserve interest rates.