Today’s CPI came in at +2.7% YoY for June—right on target—and headline monthly inflation rose ~0.3%, with core also steady. Here’s the quick crypto takeaway: • Neutral-to-slightly bullish: Since CPI matched expectations, Fed rate-cut odds remain alive. That’s supportive for risk assets like Bitcoin.   • Short‑term dip then bounce: BTC slid from recent highs (~$123K) into the $117K zone as traders locked profits and digested the data—yet strong support lies around $114K–$117.5K, suggesting rebound potential.  • Watch Fed commentary: No surprise in CPI likely shifts focus to Powell’s tone—any dovish signal could reignite bullish momentum for cryptos.
Summary: Today’s CPI held crypto markets steady—no shock down, mild rebound expected. If inflation stays tame, bulls retain the upper hand.
#CPIWatch
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