In the United States, after a small cooling of inflation data in July, the stock market experienced emotional recovery, but the encrypted assets were not synchronized. According to external sources, the market is now more concerned about whether interest rates will be lowered than about single inflation data per se.
Stock market response first. Encrypted market balance. Light
Inflation in the United States fell to 3.4 per cent in July, down from previous levels. The removal of food and energy from the core inflation cycle increased by 0.2 per cent, suggesting that price pressures, albeit abating, have not returned to the Fed's target of 2 per cent.
According to the article, the Asian stock market was the first to move up after the data had been released, and a similar trend was observed in front of the United States stock and the science and technology unit was more active. Market sentiment has improved, mainly as a result of investors ' expectations of a continued fall in inflation.
By contrast, the encryption market is less responsive. Bitcoin still fluctuates around $63,000, with most mainstream tokens moving close to bitcoin, and the whole of it continuing in a transverse state.
Interest rates are expected to still contain risk preferences
According to external sources, a fall in inflation does not mean that the Fed will move quickly. As current inflation remains above the 2 per cent target, the possibility of the Federal Reserve maintaining interest rates remains.
Against this background, market willingness to allocate high-risk assets remains cautious. Encrypted assets are often considered to be more volatile at risk, so even if macrodata margins improve, short-lines do not necessarily benefit immediately.
- United States July inflation rate, 3.4 per cent
- Core inflation ring up 0.2%
- Bitcoin suspense $63,000
Foreign media focus on the next two variables
It was also mentioned that some recent data compare bitcoin prices with their production cost range, which was considered to have corresponded in the past to the bear market bottom area. This judgement, however, is more of a historical experience and has not yet given a clear signal of breakthrough in the current context.
In addition, Trump indicated that a peace agreement between the United States and Iran might soon be reached. If the geo-situation situation is eased and inflation is further reduced, the market ' s expectations of interest rates falling during the year may rise. It follows that a more significant improvement in risk asset sentiment is possible if interest rates are expected to shift.