📊 US Core CPI Hits 3.1% — Crypto Markets React
The U.S. Core Consumer Price Index for July came in at 3.1% YoY, slightly above the expected 3.0%, signaling persistent inflation pressures. Markets responded swiftly — Bitcoin dipped briefly before recovering, highlighting its sensitivity to macroeconomic data.
Key points:
Expectation: 3.0% → Actual: 3.1%
Potential influence on Federal Reserve policy and interest rate outlook
Bitcoin (BTC) trades at $118,729, down 0.94% in 24h but up 14.22% over 90 days
Analysts suggest inflation could push more institutional investors toward crypto as a hedge
Arthur Hayes called this a “crucial moment for Bitcoin’s short-term volatility.” With CPI surprises historically triggering sharp BTC and ETH price moves, traders are watching the Fed’s next steps closely.
DYOR — not financial advice.