In June, US inflation remained below expectations and turned negative on a monthly basis. This situation increases the possibility that #Fed will start reducing interest rates in September. If the downward trend in inflation continues, the pressure on the economy will decrease and a positive atmosphere will prevail in the markets.
These developments may also directly affect the cryptocurrency markets. Low inflation and possible interest rate cuts may increase investors' interest in crypto and cause upward movements in cryptocurrencies, especially #Bitcoin .
Today, US PPI data will be announced. PPI data can give clues about the future course of inflation and be an important indicator for us.