Bitcoin (BTC) Set For $35000, Ethereum (ETH) Above $2000 As US CPI Inflation Falls
Bitcoin Ethereum Bitcoin (BTC) Itakda Para sa $35000, Ethereum (ETH) Higit sa $2000 Habang Bumaba ang US CPI Inflation 36 minuto ang nakalipas Balita ng Ethereum ng Bitcoin The US inflation and jobs data majority impact the crypto market, especially Bitcoin price. The US Federal Reserve looks to raise interest rates in July after it held interest rates unchanged last month as the US labor market remains tight. However, the CPI and the Core PCE inflation, the US Feds preferred gauge to measure inflation continue to fall. The market forecast reveals annual CPI inflation for June fell to 3.1%, marking the 12th consecutive month of falls. It is the lowest since March 2021. Also, core CPI inflation decreased to 5% from 5.3% in May. However, the monthly CPI for June rises 0.3% against 0.1% last month. Wall Street analysts also estimated a massive fall in CPI inflation. Bloomberg, Citi, HSBC, UBS, and Nomura expect CPI at 3%, while Goldman Sachs, BMO, Barclays, Morgan Stanley, TD Securities, and CIBC estimated inflation to fall to 3.1%. Meanwhile, JPMorgan, RBC, and Visa forecasted annual CPI at 3.2%. The headline inflation falling to 3-3.2% will bring further upside move in the stocks and crypto markets. JPMorgans analysts sinabi inflation is likely