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June's inflation number came in negative. Bitcoin and Ethereum both took off.
The CPI report showed prices falling 0.4% instead of rising, which markets read as more room for the Fed to cut rates. $BTC jumped about 4% to $64,400. $ETH did even better, up around 6%.
Nothing about its technology or adoption has changed in the last 24 hours. What changed is how much room traders think the Fed has to ease up.
Does a report like this actually shift how you think about the next few months, or is it just one number in a long series?