đ #CPIWatch : June CPI Sparks a Crypto Comeback!
The June Consumer Price Index came in hotter than expected, with headline CPI up 2.7â2.9% YoY and 0.3% MoM gainsâthe strongest monthly jump since Januaryâdriven by rising gasoline costs and tariff-related goods. Core CPI also held firm at 3.0% YoY, reinforcing Fed caution .
Crypto markets reacted fast: $BTC dipped briefly below $117K on mixed stock futures, then rebounded as traders anticipated that inflation may cool soon and prompt Fed rate cuts in September. If CPI peaks now and pressure subsides through late summer, the stage is set for another bullish run heading into Q4.
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đŹ Comment: Do you see CPI cooling by Augustâand BTC soaring?
Letâs track the numbers and ride the next wave! đ
