🚨 U.S. CPI Hits 2.7%, Crypto Market Responds with a Strong Rally!

🏛 The latest Bureau of Labor Statistics data shows U.S. inflation came in slightly lower than expected at 2.7% YoY, matching last month’s figure and below the anticipated 2.8%. Monthly inflation also eased to 0.2%. While core CPI hit a five-month high at 3.1% YoY, the overall data sparked a positive wave across crypto markets.

📊 Following the CPI release, the total crypto market cap jumped from $3.9 trillion to $3.94 trillion, led by strong rallies in Bitcoin, Ethereum, XRP, and Solana. Notably, Ethereum surged past $4,400, recovering from an intraday low of $4,172.

📈 Why the rally? The numbers increase the likelihood of a Fed rate cut in September, as inflation remains low and the labor market shows signs of weakening. This expected easing could bring more liquidity into the markets, fueling risk-on sentiment and pushing crypto prices higher.

⚠️ After some volatility ahead of the data, the crypto market’s bullish rebound highlights how macroeconomic trends continue to influence digital assets—and how investors are positioning for what’s next.

#Crypto #Bitcoin #Inflation #CPI #FederalReserve

https://coingape.com/u-s-cpi-comes-in-at-2-7-crypto-market-climbs/?utm_source=bnb&utm_medium=coingape