šŸ“Š Biggest Crypto Event This Week šŸš€

šŸ—“ 12th Aug – US CPI & Core CPI data release!

šŸ“ˆ CPI forecast: 2.8% (slightly ↑ from last month)

šŸ“‰ September rate cut chance: 91% after recent unemployment data.

āœ… If CPI < forecast → Rate cut almost confirmed āœ… → Risk assets (incl. crypto) can pump hard šŸ’„šŸ“ˆ

āŒ If CPI > forecast → Rate cut chances drop āŒ → Crypto prices likely dip šŸ“‰

šŸ’” Given rising unemployment, CPI might come lower than expected → Good news for markets & crypto bulls šŸ‚šŸ’š

$BTC