Bitcoin Rises Amid Mixed U.S. Inflation Data

U.S. inflation data for July presented a mixed picture, with headline CPI rising 0.2%, matching forecasts, while core CPI increased 0.3%, slightly above expectations. Year-over-year, core inflation hit 3.1%, reinforcing concerns about persistent price pressures. Despite this, market expectations for a September Fed rate cut rose to 90%, boosting investor sentiment.

Bitcoin reacted positively to the news, gaining momentum as traders weighed the implications of the inflation report. Traditional markets also saw gains, with Nasdaq 100 and S&P 500 futures rising about 0.6%. The dollar weakened slightly, and Treasury yields dipped, reflecting shifting expectations around monetary policy.

Analysts suggest that Bitcoin’s resilience highlights its growing role as a hedge against macroeconomic uncertainty. With Fed rate cuts still on the table, crypto markets remain watchful for further economic signals that could influence price trends in the coming months.

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