Crypto briefly strengthened at the beginning of this week — but the momentum did not last long.
Although CPI data (consumer inflation) was lower than expected, the market lost steam as traders anticipated no possibility of interest rate cuts at the upcoming FOMC meeting.
Here's what happened:
BTC's gains at the beginning of the week evaporated, following a general market decline.
The Trump administration called for interest rate cuts from the Fed after weak CPI data.
SOLV actually went against the trend, recording a sharp surge of 5.81% on Thursday.