๐ US Inflation Hits 2.7% โ What It Means for Crypto
The latest inflation numbers just came in โ and they're a bit higher than expected. In June, CPI (Consumer Price Index) rose to 2.7%, mostly because of new tariffs making things like food and cars more expensive.
So, what does this mean for crypto?
๐น The Fed might delay interest rate cuts, which could slow down market growth.
๐น $BTC Bitcoin dipped briefly, but quickly bounced back close to $118K.
๐น Altcoins are acting mixed โ some are up, some are down โ overall, volatility is back.
๐ก Reminder for all crypto traders:
Big economic news like this still affects crypto prices. Always stay sharp during these announcements.
Next important date: July 30 โ thatโs when the Fed meets again.
Letโs see what direction the market takes next...