๐ Who Are the Crypto Winners after CPI release? ๐Crypto Skyrockets on Softer Inflation Data โ Solana & Chainlink Lead the Charge! ๐น
๐Big Movers of the Day
๐ Solana (SOL) soared +12.9% to $180.56 ,
๐ Chainlink (LINK)jumped +12.5% to $24.34 ,
๐ Ethereum (ETH) climbed +8.6% to $4,609.16 ,
๐ตCardano (ADA) advanced +8.9% to $0.8352 ,
๐ Dogecoin (Doge) gained +6.2% to $0.2329 ,
๐ ๐ฐ Bitcoin (BTC) rose +5.4% to $122,300 ,
๐ Sui rose +5.9% to $3.88 , and
๐ง XRP added +3.0% to $3.22.
๐ฆ Macro Boost: Fed Rate Cut Hopes
July CPI came in at 2.7% annuallyโbelow the 2.8% forecastโfueling an 82.5% chance of a September Fed rate cut, according to futures markets.
๐ผ Institutions Step In
Min Jung of Presto noted this rally is institution-driven, with digital asset treasuries driving demandโunlike past retail-led surges.
โ ๏ธ Caution Ahead: Rising Leverage
Open interest in major tokens surged from $26B to $44B in just a month ๐. Bitfinex analysts warned that this leverage spike could amplify risks of liquidation cascades and sharp reversals.
โ Conclusion: Opportunity Is Knocking ๐ฅ
โ๏ธWith inflation cooling, institutions piling in, and market momentum heating up, the current setup could be the perfect entry point for those looking to ride the next crypto wave.
๐ฐHistory shows that strong macro tailwinds and institutional confidence often precede major breakoutsโdonโt get left behind.