๐จ Market Alert: CPI Sparks Crypto Buzz! ๐
๐ U.S. CPI (YoY) just came in at 2.7% โ *lower than the expected 2.8%!
๐ฅ Core CPI (YoY) is at 3.1%, a bit hotter than forecast.
What This Means for Crypto:
* ๐ Softer headline inflation fuels hopes for a Fed rate cut in September (now over 80% odds)
* ๐น Risk-on sentiment is lifting BTC back above \$119K and ETH over \$4,400
* ๐ฅ Shorts worth \$40M got liquidated in hours as traders flipped bullish
Why You Should Care:
Lower rates = cheaper money = more liquidity flowing into risk assets like crypto.
Butโฆ higher core inflation means volatility could be back any minute. ๐โก๐
๐ฌ **Community Question:
Are you buying the breakout or waiting for the pullback?
โ Note: This is not financial advice. Always DYOR before making investment decisions.
