jek sperrow
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š Crypto Drops After Hot U.S. Inflation Data
The July U.S. Producer Price Index (PPI) came in way hotter than expected, shaking markets and cooling hopes for near-term Fed rate cuts.
@Binance Square Official
š„ Key Data:
PPI: +0.9% MoM (vs. 0.2% forecast)
PPI YoY: +3.3% (vs. 2.5% forecast)
Core PPI: +0.9% MoM (vs. 0.2% forecast)
š„ Market Impact:
Bitcoin: fell from $124K highs to below $119K
ETH: down nearly 4% to $4,550
SOL & XRP: sharp declines alongside broader altcoin weakness
@Binance Academy
š Why It Matters:
Hotter inflation + tight labor market = higher chance the Fed keeps rates elevated longer. CME FedWatch odds for a September rate cut dropped from 100% ā 96%.
ā ļø Risk assets are feeling the pressure ā stay nimble.
#HotJulyPPI #BNBBreaksATH #BTCBreaksATH #ProjectCrypto #TrendingTopic
$BTC
$ETH
$SOL
The July U.S. Producer Price Index (PPI) came in way hotter than expected, shaking markets and cooling hopes for near-term Fed rate cuts.
@Binance Square Official
š„ Key Data:
PPI: +0.9% MoM (vs. 0.2% forecast)
PPI YoY: +3.3% (vs. 2.5% forecast)
Core PPI: +0.9% MoM (vs. 0.2% forecast)
š„ Market Impact:
Bitcoin: fell from $124K highs to below $119K
ETH: down nearly 4% to $4,550
SOL & XRP: sharp declines alongside broader altcoin weakness
@Binance Academy
š Why It Matters:
Hotter inflation + tight labor market = higher chance the Fed keeps rates elevated longer. CME FedWatch odds for a September rate cut dropped from 100% ā 96%.
ā ļø Risk assets are feeling the pressure ā stay nimble.
#HotJulyPPI #BNBBreaksATH #BTCBreaksATH #ProjectCrypto #TrendingTopic
$BTC
$ETH
$SOL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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