#HotJulyPPI 👉The US PPI for July surprised with a monthly increase of 0.9% and an annual increase of 3.3%, much larger than expected. This is making the Federal Reserve nervous, which could now put the brakes on any drastic rate cuts. Why is this important for cryptocurrencies? Because fewer rate cuts = a stronger dollar = less liquidity flowing into risky assets like Bitcoin, Ethereum, and others. In the short term, this could slow the crypto rally, but beware: high inflation also reinforces the idea that Bitcoin is a safe haven against losses. So brace yourselves: the next few days could be a cocktail of volatility, fear of missing out (FOMO), and fears, with traders divided between "buying the dip" and "getting out."