Reasons favorable to the cryptocurrency market:

- In terms of monetary policy, the core CPI has retreated, indicating a relief in inflationary pressure. The market expects that the Federal Reserve may slow down interest rate hikes and potentially reduce rates earlier, releasing more liquidity, which will flow into the cryptocurrency market and push up coin prices.

- Market confidence, changes in inflation data have made investors optimistic about the economic outlook, boosting their confidence and prompting them to invest more funds into the cryptocurrency market.

- Fund flow, traditional financial markets are sensitive to inflation, funds will be reallocated among assets. If investors believe that cryptocurrencies have hedging and anti-inflation characteristics, they will shift their investments to the cryptocurrency market.