CPI Confirms Disinflation, But Crypto Still Fights the Tape, Why the Mid-70k's is An Interesting Level

Discussed in today’s video:

  • Inflation cooling faster than expected: CPI came in below expectations, and market-based measures suggest inflation expectations remain well anchored, increasing the likelihood the Fed cuts more than futures currently price.
  • Near-term crypto headwinds persist: Despite a post-CPI bounce, BTC retraced and remains under pressure due to unfavorable year-end flows and relative underperformance versus broader risk assets.
  • Mid-$70K BTC is an interesting area: The ~$74–75K range aligns with the aggregate ETF cost basis and Strategy’s average cost, making it an important psychological and potential support level.
  • Coinbase is taking steps toward a super-app: New products, including stock trading, tokenization infrastructure, and prediction markets, could improve Coinbase’s competitive position versus Robinhood if adoption gains traction.
CPI Confirms Disinflation, But Crypto Still Fights the Tape, Why the Mid-70k's is An Interesting Level

Tickers in this video: BTC 1.87%

Disclosures (show)