📊 Data of the day: The U.S. CPI rose by 0.2% month-on-month and 2.7% year-on-year, while the Core CPI (underlying) increased by 0.3%, bringing the annual rate to 3.1%. This indicates persistent inflation.

Still, the probability of a rate cut in September rises to ~90%.   

Crypto market reaction:

• BTC approaches or slightly drops (~$118.9k) 

• ETH breaks $4,400 (bullish).

Mixed data: firm inflation, but with expectations of monetary easing. The crypto market is celebrating it. 🚀