The latest US CPI data has been released and here is what it means for the crypto market

Core CPI monthly for July came in at 0.3 percent, matching expectations

Core CPI yearly for July was 3.1 percent, slightly above the forecast of 3.0 percent

Overall CPI monthly was 0.2 percent, in line with predictions

Overall CPI yearly dropped slightly to 2.7 percent compared to the forecast of 2.8 percent

Real monthly earnings increased by 0.4 percent, showing stronger consumer power

This suggests inflation pressure remains but is controlled

The increase in real earnings indicates consumers have more purchasing power

The crypto market may see mild volatility in the short term with good buying opportunities on dips

Bitcoin and altcoins are poised for the next move but traders should be cautious

What do you think Will these numbers drive further growth or signal a new correction

Share your thoughts with us

#CPI #Inflation