📰 CPI Data Sparks Crypto Moves — What Traders Need to Know
Today’s U.S. CPI numbers just dropped, and the market wasted no time reacting.
Headline CPI (YoY): 2.7% 📉 (slightly below 2.8% forecast)
Core CPI (YoY): 3.1% 📈 (highest in 6 months)
Why it matters?
A softer headline keeps the September Fed rate cut hopes alive, but the hot core reading reminds us inflation isn’t fully tamed.
Market Reaction
$BTC : $119,578 ↓ 0.004% on the day — still holding major support.
$ETH : $4,458 ↑ 3.05% — broke above $4,400 with strong short liquidations.
Total crypto market cap climbed to ~$3.94T as traders rotated into risk assets.
Trading View
Short term: Positive for risk assets — dollar weakness + rate cut expectations = liquidity boost for crypto.
Medium term: Elevated core CPI could limit upside if Fed tones down rate cut bets later this month.
📊 Pro Tip:
Watch BTC at $120K and ETH at $4,500.
Clean break above = momentum wave. Failure = likely range chop until Fed signals.
Please Follow @Quantrox where pattern speaks louder than pumps.