Core CPI of 6.3% is what matters and crypto markets are going to respond in kind.

The Fed's focus at this point is on core CPI which removes energy/food and not just the headline numbers. That number came in above expectations which signals to markets that the Fed is not only going to continue to be aggressive, but that it won't start the "Pivot" for a longer time.

As as a result, crypto markets reacted and will likely continue to react towards the down side.

My personal opinion is that if the capitulation we feared earlier in the year is going to happen, it's going to be during this period of contraction where strong downside moves are very possible and low valuations for extended periods are certainly possible.

If you have a DCA strategy in place at this point it's probably the best way to go. For me, I'm sticking to the big boys in BTC and ETH whenever the fiat gained from paychecks allows.

Hope everyone is doing okay out there.