BlockBeats news, on August 12, the U.S. Bureau of Labor Statistics (BLS) will release the July CPI inflation report at 8:30 PM. The market generally expects that due to price increases triggered by tariffs, CPI may rise again, putting continuous pressure on the U.S. economy. According to forecasts, the July CPI is expected to increase by 0.2% month-on-month and 2.8% year-on-year; excluding the volatile food and energy prices, the core CPI is expected to rise by 0.3% month-on-month and 3% year-on-year. Notably, this is also the first CPI report released by the agency after Trump fired the BLS director, raising concerns about the market's trust in the data. Both Goldman Sachs and JPMorgan have warned that the data may be 'overheating' and could drive inflation to continue rising. If the CPI data exceeds expectations, the market's anticipation of a rate cut by the Federal Reserve in September may be impacted, potentially leading to short-term market volatility. Especially against the backdrop of the current high performance of U.S. stocks, the CPI report could trigger a correction. BiyaPay analysts point out that in such a market environment, digital assets like Bitcoin (BTC) and Ethereum (ETH) face significant correction risks, and BTC may be under pressure in the short term, suggesting a conservative strategy when operating and focusing on the support level of $112,000. If the market corrects, it could be a suitable opportunity for reallocation. Meanwhile, the BiyaPay platform provides users with convenient cryptocurrency trading services, supporting the mutual exchange of over 200 cryptocurrencies including BTC and ETH, with zero fees for spot and contract order trading.

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