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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Here is the latest price of Bitcoin (BTC) ahead of the CPI release tonight:
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What is "CPI tonight" and what is its impact?
US CPI (Consumer Price Index) for July has been released tonight and shows inflation at 2.7% YoY, slightly below the estimate of 2.8%, reflecting inflation that remains high but is lower than market predictions.
This raises hopes for a rate cut by the Federal Reserve at the September meeting, reinforcing market sentiment towards risk assets such as crypto.
As a result, the price of Bitcoin briefly rose to nearly US$119,000 although the market remained calm overall as the effects of the release had been anticipated beforehand.
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In essence:
1. CPI tonight (12 August 2025) released: annual inflation of 2.7% — below expectations.
2. Market Reaction:
Bitcoin recorded a slight increase to around US$119k.
The crypto market is moving cautiously, with Bitcoin predicted to move between US$118k – US$123k.
3. Positive sentiment arises with the increasing likelihood of interest rate cuts in September by the Fed.
#BTC Market Cap Tops Amazon#
#Show My Alpha Points#