$ETH’s story right now is a mix of strong institutional accumulation and upgrade progress, while short-term price action is cooling after the recent move higher.
Meanwhile, U.S. inflation still looks pretty stubborn.
July Core PCE held at 3.3% YoY for the third straight month, while headline PCE stayed around 3.7%.
With the Fed still targeting 2%, the data doesn’t really point to a quick change in monetary policy.
I’m keeping a close eye on the dollar, stocks, bonds and crypto as market expectations shift.
DXY USDT perpetual is available on BingX for traders watching dollar moves.
#Inflation #Fed #Crypto #BingX
Meanwhile, U.S. inflation still looks pretty stubborn.
July Core PCE held at 3.3% YoY for the third straight month, while headline PCE stayed around 3.7%.
With the Fed still targeting 2%, the data doesn’t really point to a quick change in monetary policy.
I’m keeping a close eye on the dollar, stocks, bonds and crypto as market expectations shift.
DXY USDT perpetual is available on BingX for traders watching dollar moves.
#Inflation #Fed #Crypto #BingX
