#CPIWatch U.S. Inflation Pivots Crypto Sentiment
Hey everyone!
What’s happening: The July U.S. Consumer Price Index (CPI) is expected to show a 0.2% monthly rise and a 2.8% increase year-over-year, with core CPI (excluding food and energy) projected at 3.0% annually—both figures above the Federal Reserve’s 2% target.
Why this matters:
If inflation stays moderate, markets may stay bullish, boosting interest in crypto and risk assets.
High inflation could delay interest rate cuts, potentially increasing market volatility.
For crypto traders: Keep an eye on how Bitcoin and altcoins react. A softer-than-expected CPI print could spark a rally, while a hotter number might trigger a dip.
Stay tuned for the CPI data release—it could set the tone for crypto trends in the weeks ahead!
