Bitcoin shrugs off inflation fears — softer core CPI helps push it toward $72.4K!
🔹 Core CPI came in at 0.2% vs. 0.3% expected, reviving expectations that the Fed could cut rates as underlying inflation remains relatively stable
🔹 Headline inflation hit 3.3%, but around 75% of the increase is linked to a gasoline spike tied to Ira-n tensions — suggesting the pressure may be temporary rather than structural
🔹 BTC gained 1.8% after the release and is up 5% on the week, breaking above $72K, with the total crypto market cap reaching $2.53T
🔹 ETH at $2,219 (+2.5%) and SOL +3% — markets are leaning risk-on, distinguishing between short-term noise and long-term trends
While headlines fuel fear, the data points to opportunity 📈