POSITIVE NEWS FOR $BTC
Summary of Inflation Data:
General Inflation Cooled Down in June:
Indicates potential for economic stability.
Boosts confidence in Federal Reserve officials considering a rate cut.
Core CPI (Excluding Food and Energy):
Increased by 0.1% from May to June.
Smallest monthly increase since August 2021.
Rose by 3.3% year-on-year, the lowest in over three years.
Core index is considered a more accurate reflection of potential inflation.
Overall CPI:
Fell by 0.1% from May to June.
Fell by 3% year-on-year.
First decline since the COVID-19 pandemic.
Decline driven by falling gasoline prices.
Important Points as Catalysts for Bitcoin Pump:
Federal Reserve Confidence and Potential Rate Cut:
Rate cuts generally lead to lower returns on traditional savings and investments.
Investors might seek alternative assets like Bitcoin.
Lowest Core CPI Increase in Over Three Years:
Signals controlled inflation, which could lead to increased investor confidence.
Stable economic conditions can attract more investments into Bitcoin.
First Overall CPI Decline Since COVID-19:
Indicates economic recovery and stability.
May lead to increased speculative investments in assets like Bitcoin.
Falling Gasoline Prices:
Reduces cost of living, potentially increasing disposable income.
Extra disposable income could be invested in Bitcoin and other cryptocurrencies.
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