In the United States, risk assets generally strengthened when inflation data were lower than market expectations in June. Bitcoin rose to $6.48 million on Wednesday, creating stronger single-day performances in recent weeks. The world's stock markets have also been boosted by the simultaneous rise in mainstream currencies such as the Taifeng, SOL and XRP.
The interest rate increase is clearly falling back.
Data show that in the United States in June the overall CPI increased from 4.2 per cent to 3.5 per cent and the core CPI from 2.9 per cent to 2.6 per cent. The fall in core inflation meant that price pressures were not driven by energy alone, which also weakened the market ' s judgement that the Fed would continue to increase interest rates in the short term.
After the data were released, the probability of an implicit interest rate increase in the market fell from 43 per cent to 13 per cent,2 and the annual US debt return went down six basis points. As a result, funds are re-flowing into risk assets, and the encryption market is subsequently high.
Mainstream tokens generally rebounded
In the past 24 hours, bitcoin has increased by 3.6 per cent, within a week by about 3.3 per cent, with a turnover of about $31 billion. The ETA was even stronger, rising to around $1880, increasing by 5.3 per cent in the daytime and by 7.1 per cent in the near seven days.
Of the other mainstream currencies, hype rose by 6.4 to 67 United States dollars, XRP by 3.7 to 1.10 United States dollars, Solana by 3.6 to 78 United States dollars, dog by 2.9 per cent and BNB by 1.9 to 579 dollars.
Markets remain focused on the September meeting
According to analysts, bitcoin is still closer to risk-based assets sensitive to interest rates, rather than a traditional macro-shock tool. The fall in inflation has eased short-term downward pressure, but it is not yet sufficient to form the basis for a sustained breakthrough alone.
CoinEx Chief Analyst Jeff Ko states that core inflation of 2.6 per cent is still above the Fed ' s target of 2 per cent, and that this group of data is more likely to provide the Federal Reserve with space to remain in place rather than directly supporting interest-rate reductions. Next, the market will continue to observe the September FOMC meeting, the US dollar movement, and the continuation of the Bitcoin ETF financial flow.
Additional information:Brent's crude oil has broken to $85 a barrel. The report mentions that Trump threatened to hit Iran even more, and that the United States has resumed its blockade of Iranian shipping through the Strait of Hormuz, pushing oil prices to increase by about 11 per cent in two trading days.