Macro Update CPI In-Line, BTC Range-Bound
July US CPI matched expectations at 3.4%, while US PPI held flat. While softer inflation data practically guarantees a Fed rate pause, crypto markets lacked the fresh upside spark to break out.
• Bitcoin ($BTC): Slipped to $63,500, remaining trapped in its summer range.
• Fear & Greed Index: Stuck at 37 (Fear) as traders avoid high leverage ahead of September macro data.
• Traditional Equities Divergence: South Korea’s KOSPI jumped ~4% into bull market territory, showing capital moving toward traditional AI/tech equities while crypto lags.
#CPI
July US CPI matched expectations at 3.4%, while US PPI held flat. While softer inflation data practically guarantees a Fed rate pause, crypto markets lacked the fresh upside spark to break out.
• Bitcoin ($BTC): Slipped to $63,500, remaining trapped in its summer range.
• Fear & Greed Index: Stuck at 37 (Fear) as traders avoid high leverage ahead of September macro data.
• Traditional Equities Divergence: South Korea’s KOSPI jumped ~4% into bull market territory, showing capital moving toward traditional AI/tech equities while crypto lags.
#CPI