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Or Bullish

Despite the fact that the core CPI in the U.S. in June rose less than expected, signs of tariffs pushing up prices are becoming apparent, and subsequent inflation may exceed the Federal Reserve's 2% target. In traditional financial markets, inflation expectations influence asset allocation. In the cryptocurrency space, Bitcoin and other cryptocurrencies are often viewed as inflation-hedging assets. If investors expect inflation to rise, some funds may shift from traditional assets to cryptocurrencies, driving up coin prices. During previous phases of rising inflation expectations, the search popularity and trading volume of Bitcoin also increased, attracting capital seeking to preserve value.