Crypto markets traded lower over the weekend and into Monday after last week’s inflation data came in hotter than expected, dashing the hopes of investors who thought July’s CPI print might have indicated inflation had peaked. 

The CME FedWatch Tool now indicates a 20% likelihood of a 100bps hike during Wednesday’s FOMC meeting — up from 0% just one week ago.

The total crypto market cap currently sits around $890 billion, after once again slipping below the $1 trillion dollar mark last week.

At the time of writing, bitcoin was trading at around $19,090, down over 16% since the CPI print. Meanwhile ether is trading at $1,343, down more than 23% over the same period.

A research note from Goldman Sachs indicates the bond market is also pricing in a 25% chance of a 100bps hike for Wednesday’s meeting, with analysts expecting “50bp hikes in November and December, taking the funds rate to 4-4.25% at year end.”

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。