CPI Surprise Sparks Crypto Surge: Inflation Cools to 2.3%, Markets Cheer
Today’s CPI print came in cooler than expected at 2.3% vs 2.4%, igniting bullish momentum across risk assets like Bitcoin and Altcoins. With inflation easing, hopes for Fed rate cuts are back on the table—fueling a rally-ready setup for crypto traders.
Key Reactions:
US Dollar Index slips 0.25% to 101.53
Market sentiment flips bullish
Rate cut odds get a major boost
With Scenario 3 now in play (CPI < 2.4%), crypto markets could be gearing up for a breakout. Core CPI holding steady at 2.8% further reinforces stability. Is this the green light bulls have been waiting for?
