BITPRISMIA
Donald Trump claims U.S. inflation is 'virtually non-existent,' sparking debate among economists about the current state and implications of inflation.
The US Producer Price Index (PPI) for July showed a significant rise, triggering a market downturn with over $500 million in crypto long positions liquidated.
The U.S. Producer Price Index (PPI) rose unexpectedly by 0.9% in July, exceeding forecasts and signaling potential future inflationary pressures, which could influence Federal Reserve policies and market dynamics.
Bank of America predicts a significant weakening of the US dollar due to anticipated Federal Reserve rate cuts aimed at addressing inflation, which could impact investment portfolios and the currency market.
Former U.S. President Donald Trump claims his tariffs did not cause inflation or burden consumers, a perspective that challenges conventional economic views and contrasts with warnings from figures like Goldman Sachs CEO David Solomon.
The U.S. July CPI rose 2.7% year-over-year, below expectations, while the core CPI increased 3.1%, higher than anticipated, leading to mixed market reactions.
The US CPI data for July showed a lower-than-expected inflation rate of 2.7%, signaling a potential easing of inflation and boosting optimism in the cryptocurrency market.
The US Dollar faces uncertainty due to upcoming inflation data, while the British Sterling shows strength amid Bank of England policies, highlighting the volatility and interconnectedness of the forex market.
Bitcoin's price pulled back to $119K as upcoming CPI and PPI inflation data could influence its momentum, with analysts noting potential volatility and a possible retracement.
Bitcoin is testing key resistance levels around $122K, influenced by Fibonacci analysis and U.S. inflation data, while market expectations lean toward a Fed rate cut despite potential volatility.