CPI Snapshot: What to Expect (and What’s at Stake)
• Headline CPI (July): Forecasted to rise 2.8% year-over-year, up from 2.7% in June, marking a new high since February. Core inflation (excluding food and energy) is expected to climb to 3.1% YoY.
Crypto Angle: How CPI Can Move Markets
• Bitcoin’s Pre-CPI Behavior: BTC has been consolidating in a key range (~$119K), and traders are bracing for the CPI outcome to break that pattern—either up toward new highs or down toward the $110K support level
In short, today’s CPI reading is a make-or-break moment for markets—especially crypto. It could either validate recent bullish momentum or trigger caution across digital assets.