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The U.S. CPI inflation data has come in better than expected, providing a major boost for the crypto market. This has raised optimism about a September Fed rate cut, which is typically bullish for the market. U.S. CPI Data Remains Steady at 2.7% Bureau of Labor Statistics data shows that the inflation data came in
The post Breaking: U.S. CPI Comes In At 2.7%, Crypto Market Climbs appeared first on CoinGape.
The post Crypto.com Teams Up With VivoPower to Boost Digital Asset Management appeared first on Coinpedia Fintech News
Crypto.com and VivoPower have announced a strategic partnership where Crypto.com will provide custodial services to support VivoPower’s expanding digital asset treasury and mining operations. Through this collaboration, VivoPower’s shares will be accessible for trading on platform, reaching its 150 million users. Shareholders will also benefit from enhanced liquidity in XRP and other digital assets, alongside access to XRP restaking via Flare. This partnership strengthens VivoPower’s XRP-focused digital asset strategy and broadens its growth potential.
The post Crypto.com Teams Up With VivoPower to Boost Digital Asset Management appeared first on Coinpedia Fintech News
Crypto.com and VivoPower have announced a strategic partnership where Crypto.com will provide custodial services to support VivoPower’s expanding digital asset treasury and mining operations. Through this collaboration, VivoPower’s shares will be accessible for trading on platform, reaching its 150 million users. Shareholders will also benefit from enhanced liquidity in XRP and other digital assets, alongside …
The post Analysts’ Top 3 Selections To Duplicate Shiba Inu’s 32,000% Surge In 2025 appeared first on Coinpedia Fintech News
In 2021, Shiba Inu turned a modest $100 bet into life-changing money, rocketing over 32,000% and cementing itself as one of crypto’s wildest success stories.
Those who got in early weren’t just investors, they were witnesses to a rare moonshot. Fast forward to 2025, and analysts are scanning the market for the next breakout memecoins with that same explosive potential.
Their top three picks? Floki, Bonk, and the rising Ethereum Layer 2 star, Layer Brett. Each brings its own mix of hype, utility, and community power, and just maybe, the chance to rewrite crypto history once again.
Floki Inu could be the next headline-maker, potentially mirroring Shiba Inu’s legendary 32,000% surge. Already up 316% over the past year, it’s flexing serious muscle thanks to its Valhalla metaverse gaming push and FlokiFi DeFi suite.
The token’s rabid community, aggressive burns, and strategic partnerships are steadily tightening supply while expanding reach. At these levels, wider adoption could trigger a 10x rally, putting it within striking distance of Shiba’s past highs.
With whales quietly loading bags and meme coin hype morphing into a new era, Floki’s mix of entertainment and real-world utility might just spark a 2025 rally for the history books.
Bonk could channel Shiba Inu’s legendary 32,000% rally, riding Solana’s lightning-fast network and its own 40% six-month gain. The $51 million “BURNmas” token burn slashed supply, fueling scarcity and fanning hype.
Trading around $0.000023, a 10x move isn’t unrealistic if Solana’s ecosystem keeps surging. Analysts point to rising transaction volumes, whale accumulation during recent dips, and meme fueled momentum as bullish signals.
With dog-themed charm and tech-driven utility, Bonk captures the same cultural spark that propelled Shiba. If 2025 turns risk-on, this meme coin could deliver fireworks. For crypto bros hungry for outsized wins, Bonk’s blend of speed, scarcity, and swagger makes it a high-voltage bet.
Layer Brett ($LBRETT) takes a beloved meme concept and upgrades it into a serious blockchain contender. It is a Layer 2 solution on Ethereum, which implies that it functions parallel to the main network to ensure faster and cheaper transactions.
The idea is straightforward: to provide users with more value, more rewards, and smoother experience than ever.
Layer 2 tech acts like an express lane on a busy highway. Instead of waiting in the main traffic (Ethereum’s base chain), transactions are handled quickly off-chain, then settled securely on Ethereum. This efficiency slashes gas fees and speeds up every interaction.
For investors and stakers, that speed translates into better rewards. Layer Brett’s system is designed to channel these savings back to the community, especially early supporters from the presale.
By blending Brett’s playful charm with the serious firepower of Layer 2, $LBRETT delivers more than just memes. It builds a thriving, rewarding ecosystem that may well duplicate Shiba Inu’s 32,000% surge in 2025.
Community engagement campaigns, social contests, and growth incentives will be a core part of the project’s ongoing roadmap.
$LBRETT is not an investment vehicle, this is a community-driven blockchain designed for experimentation, interaction, and creative blockchain use cases. It’s about fostering a space where ideas flourish, members collaborate, and innovation is celebrated.
Every initiative is built to strengthen the bond between the project and its community, ensuring that fun and utility go hand in hand.
Layer Brett’s $0.004 presale price puts it in the sweet spot for exponential upside, the kind Shiba Inu delivered in 2021. With Floki and Bonk also making waves, $LBRETT stands out by pairing meme magic with real Layer 2 utility.
It’s faster, cheaper, and rewards early adopters in real time. In a market hungry for the next 100x, this is the garage-stage opportunity. The bull run’s coming, and $LBRETT might just ride it all the way to the moon.
Wish You Secured 100x Gains With PEPE? Secure Your LBRETT Tokens Today!
Website: https://layerbrett.com
Telegram: https://t.me/layerbrett
X: (1) Layer Brett (@LayerBrett) / X
The post Analysts’ Top 3 Selections To Duplicate Shiba Inu’s 32,000% Surge In 2025 appeared first on Coinpedia Fintech News
In 2021, Shiba Inu turned a modest $100 bet into life-changing money, rocketing over 32,000% and cementing itself as one of crypto’s wildest success stories. Those who got in early weren’t just investors, they were witnesses to a rare moonshot. Fast forward to 2025, and analysts are scanning the market for the next breakout memecoins …
The post Early PEPE Holders Pivot to PEPETO in Hunt for the Next 100x Memecoin appeared first on Coinpedia Fintech News
The memecoin arena is evolving fast, and the smartest investors are no longer chasing empty hype they’re looking for tokens with real value. Pepeto, the “God of Frogs,” is making waves by merging meme culture with genuine utility.
Operating across Ethereum, BNB Chain, and Solana, it offers true cross-chain freedom without the usual hassles. For many early PEPE holders seeking another chance at major gains, Pepeto has become the clear favorite. Backed by real staking rewards, live products, and a defined roadmap, it’s setting a higher bar for what a memecoin can be.
If buyers stay in charge, PEPE’s bounce off the long-term ascending trendline plus a clean break-and-hold above 0.00001213 would open 0.00001404 next, with continuation targets at 0.00001601 and even 0.00001774 if momentum and volume stay aligned; that’s the bullish roadmap.
Flip the script and the view darkens fast: lose the trendline and a slide toward 0.00000906 becomes the key test slipping beneath it risks a sharper unwind that can wipe out the latest bounce.
https://www.tradingview.com/chart/PEPEUSDT/e4oXuyvU-PEPE-USDT-Technical-Analysis-August-10-2025
The bigger problem, though, sits beyond the candles: in 2025 PEPE still lacks meaningful utility, so rallies read as sentiment and rotational flows rather than real on-chain use, leaving conviction thin, volatility high, and exit liquidity a standing worry.
That’s why many early holders are rotating to Pepeto, drawn by actual staking rewards, a transparent tech stack, and seamless multi-chain tools, while PEPE struggles to offer a clear, durable reason to hold beyond the next hype cycle.
Priced at $0.000000146, Pepeto has already raised more than $6 million in its presale. Its main strength is seamless interoperability across Ethereum, BNB Chain, and Solana no external bridges required, just direct, user-friendly access.
Stake Early, Win More
Buy $PEPETO now while the presale price is still low, it rises at every stage. The earlier you buy, the more you earn, with staking rewards of up to +250% APY.
Secure your tokens, stake when the presale ends, and watch your rewards stack.
— Pepeto (@Pepetocoin) August 8, 2025
Investor confidence is strong, with over 42 trillion tokens staked. The current APY stands at 247%, peaking at around 269%, with rewards delivered in real time per block to keep users engaged and committed.
Lives on Ethereum mainnet (not Layer 2): It stays where liquidity and builders already are PepetoSwap offers zero-fee trades, and the native bridge moves value quickly without leaving mainnet.
Audited and verifiable: The contracts passed two separate reviews (SolidProof and Coinsult), a level of diligence many meme projects never bother with.
Utility that actually rewards participation: Staking comes online after TGE with launch APYs targeted in the docs, while PepetoSwap plus the bridge help keep on-chain activity flowing.
Token design meant for scalable trading: Total supply is 420T PEPETO. Allocations are split across presale, liquidity, growth, and staking to support healthy books instead of one-and-done spikes.
Built for users, not just headlines: Zero-fee swaps help active traders; the bridge smooths cross-chain inflows; an e-learning hub brings newcomers up to speed. All of it plugs straight into Ethereum’s existing liquidity base.
Pepeto is more than hype it’s live, functional tech. With audited contracts, an active demo ecosystem, and a cross chain approach that removes barriers, adoption potential is high. Staking rewards further secure long-term user involvement.
As investors lean toward safer, utility-driven crypto plays, Pepeto ticks all the boxes. Early PEPE adopters are noticing, and many are already joining in.
Secure your spot before listings launch stake now at Pepeto.io and ride the next big meme wave.
Pepeto isn’t just catching the meme wave it’s creating it. With zero-fee trading, multichain support, and high-yield staking backed by over 42T tokens staked, it’s positioned to lead the next meme coin cycle. Visit Pepeto.io now and secure your position before listings go live.
Disclaimer :
To buy PEPETO, make sure to use the official website: https://pepeto.io. As the listing draws closer, some are attempting to capitalize on the hype by using the name to mislead investors with fake platforms. Stay cautious and verify the source.
The post Early PEPE Holders Pivot to PEPETO in Hunt for the Next 100x Memecoin appeared first on Coinpedia Fintech News
The memecoin arena is evolving fast, and the smartest investors are no longer chasing empty hype they’re looking for tokens with real value. Pepeto, the “God of Frogs,” is making waves by merging meme culture with genuine utility. Operating across Ethereum, BNB Chain, and Solana, it offers true cross-chain freedom without the usual hassles. For …
The post Grayscale Rolls Out DeepBook and Walrus Trusts on Sui Blockchain appeared first on Coinpedia Fintech News
Grayscale has introduced two single-asset investment trusts, giving investors direct access to the DEEP and WAL tokens. DEEP powers DeepBook, a decentralized order book for high-speed, efficient trading, while WAL drives Walrus, a secure, scalable on-chain data storage solution. Both protocols are part of the Sui blockchain, known for its low fees, fast transactions, and flexible smart contracts. This move broadens Grayscale’s offerings and opens new doors for accredited investors to tap into Sui’s expanding DeFi and data infrastructure ecosystem.
The post Grayscale Rolls Out DeepBook and Walrus Trusts on Sui Blockchain appeared first on Coinpedia Fintech News
Grayscale has introduced two single-asset investment trusts, giving investors direct access to the DEEP and WAL tokens. DEEP powers DeepBook, a decentralized order book for high-speed, efficient trading, while WAL drives Walrus, a secure, scalable on-chain data storage solution. Both protocols are part of the Sui blockchain, known for its low fees, fast transactions, and …
The post Analyst Hints LDO Price Rally To $2.55, As Lido DAO Turns Profitable appeared first on Coinpedia Fintech News
The LDO price is advancing higher in August and has increased by over 70% this past week. Currently, it trades near $1.53, and it has a strong, growing bullish bias.
Backed by positive on-chain developments, chart patterns, and improving fundamentals, the Lido DAO’s outlook appears very promising. Also, the exploding Ethereum price today further reinforces the Lido DAO price forecast as liquid staking gains broader adoption.
Technically, the LDO price is testing a critical resistance that aligns with the upper border of a multi-month descending falling wedge pattern.
Analyst like Ali Martinez backs the theory. At the same time, another analyst finds a clear double-bottom setup breakout in play that has emerged at prior lows.
Both analysts have suggested an outlook crossing $2 threshold in the near term, while Ali Martinez hints at a rally toward $2.55 in August, which seems imminent at this point.
Unlike many protocols that might still be operating at a loss and barely holding ground, Lido is not one of them anymore, per the recent insights shared by “CryptoStreamHub”.
It says that LDO has turned profitable this August. As reported, its performance has significantly improved from previous substantial losses of around $191 million and $153 million in earlier years to a modest $1 million profit.
This shift has amazingly enhanced the LDO price outlook, and it firmly positions Lido as a sustainable DeFi protocol. The post further shares insights that, considering its $1.5 billion fully diluted valuation (FDV) against a TVL exceeding $38 billion, Lido’s valuation remains appealing and doesn’t seem to be expensive from any angle, when compared to other projects like EigenLayer.
Since the Lido DAO’s value proposition is rooted in solving Ethereum’s staking illiquidity issues. With its assistance, the users can stake any amount of ETH they desire, and they receive stETH, which remains liquid and usable within the DeFi ecosystems.
Meanwhile, LDO is closely tied to governance participation, where the token enables decisions on protocol fees, validator onboarding, and treasury management.
Therefore, as Ethereum fundamentals and TVL strengthen, this liquid staking service plays a vital role. This is because, as the ETH price in USD rises, staking yields and demand for stETH increase, improving utility and boosting demand for LDO.
In turn, the Lido DAO price forecast narrative clearly benefits from Ethereum’s rising usage and TVL, making LDO a key beneficiary of broader network strength and institutional staking narratives.
The post Analyst Hints LDO Price Rally To $2.55, As Lido DAO Turns Profitable appeared first on Coinpedia Fintech News
The LDO price is advancing higher in August and has increased by over 70% this past week. Currently, it trades near $1.53, and it has a strong, growing bullish bias. Backed by positive on-chain developments, chart patterns, and improving fundamentals, the Lido DAO’s outlook appears very promising. Also, the exploding Ethereum price today further reinforces …
On Tuesday, Coinbase took bold steps toward stronger regulatory compliance in the EU by announcing a partnership with Crypto Risk Metrics, a German provider of compliance and data solutions.
Earlier in June, Coinbase secured its MiCA license from Luxembourg, allowing the exchange to offer the full range of its products to all EU member states.
Andrea Pantaleo, Head of Crypto Web3 & Fintech Sector at DLA Piper, explained:
“If you are an offeror or a trading platform offering crypto-assets – such as most crypto exchanges – MiCAR requires a MiCAR-compliant white paper before you can legally operate within the European Union. Unfortunately, not everyone in the industry fully understands these obligations yet, but the situation is improving each day.”
The MiCAR white paper rules aim to enhance consumer protection and provide a clear overview of the asset in question. In the past, regulators debated how these requirements apply to different entities.
However, ESMA clarified this in its public statement titled “On the provision of certain crypto-asset services in relation to non-MiCA compliant ARTs and EMTs”.
“Before the ESMA statement, some companies found loopholes due to vague wording in the MiCAR regulation. That’s no longer an option. We’ll probably see the first enforcement actions soon,” Pantaleo added.
When asked about the complexity of MiCAR and the questions required in the white papers, Tim Zölitz, CEO of Crypto Risk Metrics, replied:
“We don’t judge, we just try our best to protect our customers and make sure they act legally compliant. Personally, I understand some of the criticism. I even agree that certain MiCAR provisions place more burden on crypto-asset service providers in Europe than in other regions. But all regulation has its pros and cons. By using our services, companies can focus on what they do best while we make sure they comply with the law. That’s what we strive for.”
The concept seems to be working. Clients of Crypto Risk Metrics include Kraken, Bitpanda, OKX, Bitstamp, Clearstream, and Crypto Finance (Deutschland), which is part of the German stock exchange. Other well-known names also rely on their services.
Seems like the old saying still holds true:
“USA innovates, China replicates, Europe regulates.”
Since coming into effect last year, the EU has approved 53 crypto firms under the MiCA regulations. However, major industry players like Binance and Tether missed out on the license.
The majority of these licenses have been granted by Germany. Yet, regulators have consistently debated the complexity of the MiCA.
The post Coinbase Raises the Bar for EU Compliance with MiCAR-Compliant White Papers appeared first on BeInCrypto.
Data shows that many public companies and crypto whales are ramping up their ETH holdings, while on-chain activity is heating up.
These factors provide a solid foundation for ETH’s bullish momentum, with analysts setting short-term price targets as high as $7,000.
The current phase reveals that several public companies have accumulated significant amounts of ETH in their treasuries. For example, BitMine announced it is holding approximately 1,150,263 ETH (at around $4,311 per ETH).
Similarly, SharpLink (SBET) is reported to be another major player in this space, holding roughly 521,939 ETH.
In addition, an eye-catching transaction reported by OnchainLens showed that a whale has accumulated nearly 60,000 ETH across multiple platforms. Ethereum ETFs broke $1 billion in net inflows on August 11, with BlackRock’s ETHA leading the charge, signaling institutional interest.
At the infrastructure layer, on-chain data indicates that the amount of ETH locked for staking has reached an all-time high. Token Terminal recorded staking value exceeding $150 billion. At the same time, ETH reserves on exchanges have dropped to a record low of about 18.9 million ETH, according to Axel_bitblaze69.
Together, these indicators reduce the available supply for sale and can catalyze price growth.
Tokenized assets are also heavily concentrated on Ethereum. Token Terminal reported that roughly 58% of publicly tokenized assets are on Ethereum, reinforcing the view that Ether directly benefits from capital inflows into RWAs and tokenization.
Alongside these positive on-chain indicators, ETH also forms a promising technical pattern. Analyst Gert van Legen observed that ETH has fully broken out above a Descending Broadening Wedge pattern on the weekly chart.
“Next target: all-time high at $4,860. Ready to attack,” Gert van Legen stated optimistically.
Using Pricing Bands, analyst Ali also projected that Ethereum’s next targets are $5,210 and $6,946. With ETH currently trading around $4,300, the price would need to rise between 14% and 63% to reach these targets.
Sharing a similar outlook with Ali, analyst VirtualBacon believes ETH could reach $6,000–$7,000 this year. He noted that the price rally to $4,300 has opened the door for much higher levels by year-end.
“If #Bitcoin pushes toward $150K and ETH/BTC climbs to 0.044, $ETH could hit $6,000–$7,000 this year. My conservative target? $6,600,” VirtualBacon stated.
From another bullish perspective, analyst Crypto Patel also saw strong short-term upside potential for Ethereum, especially if it breaks above the $4,400 level.
The combination of strong spot market demand, active derivatives trading, with high open interest and significant short positions, and reduced supply due to staking and exchange outflows creates ideal conditions for a sharp rally—potentially in a parabolic form.
However, Patel cautions that selling pressure could emerge if the price fails to break above $4,400 and instead reverses downward.
The post Ethereum Whales and Public Companies Are Buying Big — Is $7,000 Next for ETH? appeared first on BeInCrypto.
T-RIZE Group, a worldwide pioneer in institutional-grade tokenization infrastructure, today announced the successful listing of its native utility token, $RIZE on Revolut. This crucial move furthers the company’s aim of providing regulated, safe access to tokenized real-world assets (RWAs) for both individual users and institutional investors.
This integration with Revolut, a licensed European bank and one of the world’s fastest-growing fintech platforms, gives over 60 million consumers direct access to the T-RIZE ecosystem. $RIZE’s availability on Revolut App represents a significant increase in reach and exposure for tokenized asset usage.
Following $RIZE’s original debut on Kraken, a Tier 1 crypto exchange, this Revolut listing represents more institutional validation of the token and its real-world applications.
T-RIZE’s tokenization strategy prioritizes utility, compliance, and interoperability. The $RIZE token is crucial at every level of asset tokenization, from issuance and payment to governance and treasury funding.
Asset owners use $RIZE to gain access to the platform’s extensive tokenization suite, which allows them to turn physical or financial assets, such as real estate, stock instruments, or energy credits, into programmable digital tokens. Investors using $RIZE may engage in approved, secure products, which frequently use fractional ownership structures to minimize entry barriers.
The treasury, which contains 30% of the overall supply, is an important part of the $RIZE concept. These monies are intended to promote ecosystem development, reward efforts, and finance approved community initiatives.
T-RIZE’s platform has a multi-chain design. $RIZE is already incorporated into EVM-compatible networks, and is backed by the Canton Network, a privacy-focused blockchain developed for regulated institutions. This hybrid paradigm provides both flexibility and rigorous compliance—a crucial combination for worldwide adoption.
With this listing, T-RIZE gains access to the entire potential of Revolut’s fintech ecosystem. The Revolut App provides a simple, user-friendly interface for acquiring, storing, and managing over 300 cryptocurrencies, including $RIZE. It also supports crypto staking, fiat integration, and payment services, making it one of the most accessible cryptocurrency platforms on the market.
Revolut’s platform let both newbies and pros connect easily with the expanding world of tokenized RWAs—all while maintaining regulatory protections and trading experience.
T-RIZE has already moved from idea to action. So far, the organization has brought over $23 million in tokenized assets online on the blockchain. These include the first part of a $300 million real estate tokenization arrangement, including 956 housing units, which demonstrated real-world deployment and demand.
In addition, the business has a signed commercial pipeline worth more than $2 billion in onboarding agreements and memorandums of understanding. This includes new building projects, tokenized shares, and next-generation structured financial instruments.
T-RIZE CEO Madani Boukalba highlighted the milestone’s larger significance:
“The listing of $RIZE on Revolut demonstrates trust—from both our partners and the market. It illustrates that safe, compliant tokenization is no longer a theoretical concept—it’s here, living, and growing.”
T-RIZE’s infrastructure is designed to enable the next stage of finance, when real-world assets become more liquid, programmable, and widely accessible.
T-RIZE’s increasing ecosystem partner network demonstrates the value of its infrastructure-first strategy. The firm works with the top players in blockchain security, data, custody, and liquidity:
Kraken: the Tier 1 exchange that launched $RIZE through its Reef Program.
Wintermute: A top-tier market maker that offers deep liquidity across exchanges.
Chainlink: Integrated with CCIP and Proof of Reserve for Oracle services and data integrity.
Fireblocks with DFNS: Supporting secure wallet infrastructure and institutional custody.
Canton Network: Enabling compliance issuance and private settlement of tokenized RWAs across institutional platforms
These partners ensure that T-RIZE’s platform has best-in-class security, transparency, and scalability, which are critical for regulatory compliance and institutional confidence.
T-RIZE is advancing its plan now that its listing on Revolut has been completed. Several new tokenized solutions are also being developed, including AI-enhanced financial structured products and Energy Offset Reserve Notes, which integrate climate-aligned assets into the digital economy.
The business is also in talks with other centralized and decentralized exchanges about expanding $RIZE’s worldwide reach and ensuring liquid access for new users in diverse regions.
As tokenization progresses from pilot to production in several industries, T-RIZE is well-positioned to act as the infrastructural backbone that drives this revolution. $RIZE remains at the heart of this progression, woven into every layer of payment, governance, and access throughout the ecosystem.
T-RIZE, established in 2022, is an institutional-grade tokenization platform dedicated to digitizing real-world assets. The platform uses privacy-preserving artificial intelligence to provide safe asset issuance, programmatic governance, and enhanced underwriting. T-RIZE, with a pipeline of more than $2 billion, unites asset originators, investors, and liquidity providers in a regulated, scalable environment.
Visit www.T-RIZE.io to discover more.
Revolut is a top global fintech platform and regulated bank with more than 60 million users. Every month, the company conducts more than one billion transactions and provides a wide range of financial instruments, including money transfers, cryptocurrency investment, and business accounts.
The post T-RIZE Group’s $RIZE Token Now Listed on Revolut, Ushering in a New Era for Tokenized Real-World Assets appeared first on BeInCrypto.
Bitcoin (BTC) price reacted to the US CPI (Consumer Price Index) data, which showed inflation came in below targets in July.
This comes as US President Donald Trump’s tariffs continue to sting, and could put the Federal Reserve (Fed) in a bind.
The US Bureau of Labor Statistics (BLS) released the CPI data on Tuesday, showing inflation in the US rose at an annual rate of 2.7% in July.
It marks a similar reading to June’s inflation data, which BeInCrypto reported at 2.7%.
Despite coming in below the expected 2.8%, this CPI print suggests that inflation in the US remains high. It accentuates earlier reports, which showed a rise in the US inflation basket’s high-inflation component to 40% in July 2025, the highest this year.
Data also shows a weighted share of CPI components growing faster than 4%, suggesting persistent inflationary pressure despite a recent drop from a peak of 60% in 2022.
These data, taken together, suggest tariff-induced price pressures are becoming more apparent.
Bitcoin reacted to the US economic signal, recording a modest uptick to approach $119,000. The muted reaction came as markets had already priced in the impact, given that the CPI met economists’ expectations, thereby alleviating worries.
Likewise, the Ethereum price rose, hitting the $4,400 mark after a surge of over 5% in the last 24 hours. Data on CoinGlass shows $40 million worth of ETH shorts were liquidated in the past 60 minutes.
As the crypto market digests the CPI print, all eyes are on the Federal Reserve (Fed). Interest bettors see a 90% chance that policymakers will cut rates by a quarter basis point (bp) in September.
Before the US CPI, the CME FedWatch Tool showed an 84.4% chance of interest rate cuts to 4.00 to 4.25%, against a 15.6% chance of holding steady at 4.25 to 4.50%.
“The market isn’t guessing anymore… It’s pricing it in,” commented analyst Kyle Chasse.
Indeed, today’s CPI report is a big deal before next month’s Fed meeting. With inflation at 2.7%, the chances of a rate cut in September remain high.
The Fed had maintained a cautious outlook, keeping interest rates steady as its 2% inflation target remains elusive.
However, despite the latest CPI print, which still puts them further away from the 2% target, their firm stance may change amidst fragility in the labour market, hence the bind.
The expectation of the Fed cutting rates in September follows the bad jobs data, which showed signs of a weakening labor market. Despite inflation rising in the US, policymakers may be forced to cut rates in pursuit of their dual mandate:
Against this backdrop, analysts anticipated a muted reaction in the Bitcoin price after the CPI print.
“Fed have to cut rates in September due to bad job data so higher CPI won’t really affect the Fed’s decision. Lower CPI will just give more confidence,” wrote analyst Bull Theory.
Analyst Miles Deutscher echoed the sentiment, saying that overall, the Fed will cut interest rates in September.
The post Bitcoin Climbs as US CPI Inflation Data Lands Below Target appeared first on BeInCrypto.
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