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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