Bitcoin Chart

Today’s date is September 13th, 2022, and Bitcoin’s current price is $21,091. After today’s news Bitcoin, the largest cryptocurrency by market capitalization, dropped over 4% at 9.40 p.m. Hong Kong time, after the U.S. Bureau of Labor Statistics, reported that the Consumer Price Index (CPI) inched up 0.1% in August from July.  Looks like we will continue to see some negative sentiment and pressure from FEDS to combat inflation prices with the possibility of raising a whole point multiple times over the next year taking that aggressive standpoint Powell referred to. Also, March 2023 Fed Fund Futures are now showing at 4.40% which could mean more pressure is incoming.