🚨 US CPI at 2.7% — What Does It Mean for Crypto? 🚨
Hey everyone!
The latest US CPI came in at 2.7%, just below the expected 2.8%. So, what’s the impact on crypto?
A lower CPI means inflation isn’t rising as fast, reducing pressure on the Fed to hike rates. Lower or stable rates are bullish for crypto since high rates often pull liquidity from risk assets.
🔑 In short:
Lower Inflation → Less Fed Pressure → Bullish for Crypto ✅
A higher CPI would’ve likely sparked fears of aggressive rate hikes, hurting crypto prices.
For now, this softer CPI is positive for market sentiment. Watch out for macro updates that could change the direction.
📊 Takeaway: Tame inflation = Crypto bulls stay in play, but macro news is always a moving target.