Tonight! The crypto world needs to closely monitor this set of key data!



Dear friends who are paying attention to the crypto world, please note that at 20:30 Beijing time tonight, the US July CPI data will be released, and this data is highly likely to have a significant impact on the crypto market.

The market currently generally expects core inflation to moderately rebound. At present, there is a confrontation between "hawkish" and "dovish" views within the Federal Reserve. If this CPI data confirms the effects of tariffs and economic uncertainty, the Federal Reserve's subsequent interest rate cuts are likely to be more cautious.

For the cryptocurrency market, this data can be considered a "sentiment barometer": if the inflation data is lower than expected, the Federal Reserve's rate cut expectations may increase, leading to accelerated capital inflow into the cryptocurrency market, and mainstream coins such as Bitcoin and Ethereum are likely to see a rise; however, if inflation exceeds expectations, the rate hike expectations may return, putting recent gains in the cryptocurrency market under pressure, and a correction may even occur.

Tonight, let's closely monitor the data releases and observe how they will influence the direction of the cryptocurrency market!
BTC-0.24%
ETH-1.02%
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