Bitcoin( $BTC ) stays firm at $118K while Ethereum( $ETH ) and Dogecoin( $DOGE ) lead moderate gains, as fresh U.S. inflation data boosts hopes for a September rate cut.
📊 CPI Sparks Optimism
June’s CPI report showed core inflation rising just 0.1% for the fifth straight month, hinting at cooling price pressures. This bolstered investor confidence that the Federal Reserve could lower interest rates as early as September—a move widely seen as bullish for crypto.
> “The data was bullish for crypto, as the Fed may be more likely to cut rates, potentially triggering more capital to flow into the crypto industry,” said Eugene Cheung, Chief Commercial Officer at OSL.
💼 Institutional Inflows Surge
Spot Bitcoin ETFs marked their 9th straight day of inflows, with $403M added Tuesday.
BlackRock’s IBIT led the way, pulling in $416M, offsetting outflows from GBTC and others.
Ether ETFs also saw strong demand, recording $192M in inflows—the 8th day in a row.
🪙 Altcoins in Focus
ETH regained the $3,100 level, buoyed by ETF flows and a newly passed stablecoin bill.
DOGE rose 2.7% to $0.19, extending weekly gains to 15%.
SOL holds at $163, XRP near $2.92, BNB at $688, and TRX stays flat around $0.03.
🌍 Macro Markets Lag, Crypto Shines
Despite weakness in Asian equities and U.S. stock futures, crypto markets show resilience, supported by legislative momentum—even as the GENIUS Act failed a procedural vote.
> “Bitcoin has maintained a solid position at $118,000,” said Nick Ruck of LVRG Research. “We believe the bull run has more room to run in H2 2025.”
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