The Core CPI yield was lower than expected, causing the US 10-year Treasury yield and the dollar index to slump as inflation concerns eased.

This drives up stock, coin and gold prices, and will likely be a weak dollar situation as we are more likely to face a low interest rate situation than a high interest rate situation going forward.

However, it is important to pay attention to changes in the Total Supply of Stablecoins, as liquidity will be a key factor in determining whether the coin market will rally.

While it's possible we could see a short-term price spike due to economic data releases, we would need to see a dramatic increase in the total supply of stablecoins to see a rally above $73k.

Even though the market looks gloomy, BTC shows optimism. Stay on top of crypto market movements. Written by MAC_D.