📉 Bitcoin Slips to $119K After CPI Data — Market Eyes Fed Rate Cuts

BTC eased 0.8% to $119,120 as softer-than-expected U.S. July CPI data cooled recent weekend gains.

CPI: +0.2% MoM, +2.7% YoY (vs. 2.8% est)

Core CPI: +0.3% MoM, +3.1% YoY → Biggest monthly jump since Jan 📊

Fed rate cut odds: 67% Sept, ↑ to 67% Oct after data release

✅Metaplanet Makes Big Move:

Bought 518 BTC for $61.4M @ avg $118,519

Now holds 118,113 BTC worth ~$1.85B

Strategy mirrors MicroStrategy’s aggressive BTC treasury model 🚀

✅Market Mood:

🔹 BTC: $119K, sideways after data

🔹 Altcoins: Cooling after strong late-week rally

🔹 Traders cautious ahead of Fed policy moves

#Bitcoin #CryptoNews #BTC #Inflationdata #BinanceSquare #DeFiGetsGraded #CPIWatch #BTCOvertakesAmazon