"Bitcoin and other altcoins continue to rise after the US released encouraging inflation data for June. 📈 BTC jumped $59,000, while other tokens such as Mantra (OM), Notcoin (NOT), AAVE (AAVE) and JasmyCoin ( JASMY), grew by double digits.

Data from the Bureau of Labor Statistics (BLS) showed that the headline consumer price index (CPI) fell from 0.0% to -0.1% in June, below the median forecast of 0.1%. This indicates that inflation is moving in the right direction, which could influence the Federal Reserve's next actions.

However, the crypto industry faces other risks that could affect prices. For example, the available supply of Bitcoin is increasing as the German government continues to dump its assets."