In July, the US CPI year-over-year fell to 3.4%, and core CPI matched expectations at 2.5%. However, the market reaction was muted: $BTC only dipped 0.3% to 63,500. The rate-cut outlook remains unclear, and the crypto market overall is trading around the 64,000 level waiting for direction. Top gainer: $NBISB +28.5% led the way.