The Consumer Price Index (CPI) is 2.7%. Experts expected it to be 2.8%, but it is slightly lower than expected. This is good news for the cryptocurrency market.
"A lower CPI is a good thing, indicating slow inflation, and the Federal Reserve may not raise interest rates. This is beneficial for cryptocurrencies because high interest rates usually lead people to sell. If inflation is under control, cryptocurrency prices are likely to stabilize or rise; if the CPI is too high, prices may fall. So this news is favorable for cryptocurrencies, and traders should closely monitor developments to seize buying and selling opportunities."
So is a rate cut in September a done deal? It's important to position for a bull market.
For a more stable approach, consider bottom-fishing some spot purchases,
Focus on the Ethereum sector, the public chain sector such as SEI, APT, and the chain game sector; these are all good, find leading projects in these sectors,
