𝐓𝐡𝐞 𝐁𝐢𝐠𝐠𝐞𝐬𝐭 𝐂𝐫𝐲𝐩𝐭𝐨 𝐄𝐯𝐞𝐧𝐭 𝐎𝐟 𝐓𝐡𝐢𝐬 𝐖𝐞𝐞𝐤

On 12th August, US CPI and Core CPI data will be released.

The median forecast for CPI is 2.8%, which is slightly higher than last month.

After recent unemployment data, the September rate cut probability is at 91%.

If CPI comes in lower than expected, the September rate cut will be confirmed.

This will help risk-on assets rally even more.

In case CPI comes in higher than expected, rate cut probability will go down along with crypto prices.

Given that the unemployment rate has been going up lately, CPI is expected to come lower, which will be good for the markets.