July CPI came in cooler than feared, pushing odds of a September Fed rate cut sharply higher. Risk assets popped: Bitcoin hovered around $119K, just shy of its July peak, while ETH jumped 6–8% and altcoins followed. Macro tailwinds plus a friendlier policy backdrop are fueling the bid. Expect volatility into the Fed’s September meeting.
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U.S. spot Ethereum ETFs notched $523.9M of net inflows on Tuesday—sixth straight positive session and $2.33B added over that stretch. Momentum funds and relative‑value traders are leaning into ETH as it steals some mindshare from BTC amid the macro bid. If flows persist, analysts see scope for fresh cycle highs.
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SOL jumped ~13%, briefly tagging $200, as institutions advanced tokenization pilots on Solana’s high‑throughput rails. Technicals now watch $200 as a pivot; hold it, and traders eye $220–$250 next.
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Crypto exchange Bullish (parent of CoinDesk) priced its U.S. IPO above the indicated range, raising >$1.1B. Listing a core market‑infrastructure player in an up‑tape signals improving investor confidence and provides fresh public comps for the sector.
