{"id":986,"date":"2024-10-11T03:01:44","date_gmt":"2024-10-11T03:01:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=986"},"modified":"2024-10-11T03:01:44","modified_gmt":"2024-10-11T03:01:44","slug":"bitcoin-ethereum-dogecoin-muffled-after-september-inflation-dampens-rate-cut-outlook-analyst-warns-of-downside-deviation-if-king-crypto-loses-this-support","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=986","title":{"rendered":"Bitcoin, Ethereum, Dogecoin Muffled After September Inflation Dampens Rate Cut Outlook: Analyst Warns Of ‘Downside Deviation’ If King Crypto Loses This Support"},"content":{"rendered":"
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\u2018Uptober’ remained elusive as leading cryptocurrencies stagnated after hotter-than-expected inflation data poured cold water on expectations of further interest rate cuts by the Federal Reserve. <\/p>\n

<\/p>\n\n\n\n\n\n\n
Cryptocurrency<\/td>\nGains +\/-<\/td>\nPrice (Recorded at 9:15 p.m. EDT)<\/td>\n<\/tr>\n
Bitcoin <\/strong>(CRYPTO: BTC<\/a>)<\/td>\n-0.75%<\/td>\n$60,135.24<\/td>\n<\/tr>\n
Ethereum<\/strong> (CRYPTO: ETH<\/a>)
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\n		+0.75%<\/td>\n$2,382.33<\/td>\n<\/tr>\n
Dogecoin<\/strong> (CRYPTO: DOGE<\/a>)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\n-1.37%<\/td>\n$0.106<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

What Happened<\/strong>: Bitcoin <\/strong>slipped below $58,000 during trading hours before nearly recouping all the losses overnight. The world’s largest cryptocurrency was down 1.16% over the week and 8% since the beginning of October\u2014a month that on average has yielded <\/a>over 20% returns for King Crypto.<\/p>\n

The hotter-than-expected September’s consumer price index data, coupled with higher-than-expected weekly jobless claims, likely influenced the markets<\/a>.\u00a0<\/p>\n

Traders priced in 86% odds of the Fed slashing the interest rates by a further 0.25% during November’s FOMC meeting, according <\/a>to the CME FedWatch tool.<\/p>\n

Ethereum remained choppy as well, barely changing in the last 24 hours. Over the last week, however, the second-largest cryptocurrency eked out gains of 1.14%.\u00a0<\/p>\n

Cryptocurrency liquidations exceeded $194 million in …<\/p>\n

Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u2018Uptober’ remained elusive as leading cryptocurrencies stagnated after hotter-than-expected inflation data poured cold water on expectations of further interest rate cuts by the Federal Reserve. Cryptocurrency Gains +\/- Price (Recorded at 9:15 p.m. EDT) Bitcoin (CRYPTO: BTC) -0.75% $60,135.24 Ethereum (CRYPTO: ETH)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 +0.75% $2,382.33 Dogecoin (CRYPTO: DOGE)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 -1.37% $0.106 What Happened: Bitcoin slipped below $58,000 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-986","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=986"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/986\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}