Surprising decline in inflation: Bitcoin and cryptoma market fulfilled with optimism

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Die heute veröffentlichten Daten zum Verbraucherpreisindex (CPI) für den Monat Juni haben den Bitcoin- und Kryptomarkt mit Optimismus erfüllt. Die Zahlen zeigen eine unerwartete Abkühlung der Inflation, was auf einen positiven Ausblick hoffen lässt. Gemäß den Daten sank die gesamte VPI-Inflation im Jahresvergleich auf 3,0 % und lag damit unter den Erwartungen von 3,1 %. Dies stellt einen bemerkenswerten Rückgang im Vergleich zum Vormonat dar, als die Inflation noch bei 4,0 % lag. Besonders ermutigend ist die Tatsache, dass die Kerninflation im Jahresvergleich auf 4,8 % gesunken ist und damit die Markterwartungen von 5,0 % übertroffen hat. Dies ist das …
The data on the consumer price index (CPI) published today for June have fulfilled the Bitcoin and cryptom market with optimism. The numbers show an unexpected cooling of inflation, which gives hope for a positive view. According to the data, the entire VPI inflation fell to 3.0 % in the year and was therefore below expectations of 3.1 %. This represents a remarkable decline compared to the previous month when inflation was still 4.0 %. The fact that core inflation has decreased to 4.8 % in the year has dropped and thus exceeded the market expectations of 5.0 %. This is ... (Symbolbild/KNAT)

The data published today on the consumer price index (CPI) for June have fulfilled the Bitcoin and cryptom market with optimism. The numbers show an unexpected cooling of inflation, which gives hope for a positive view.

According to the data, the entire VPI inflation fell to 3.0 % in the year and was therefore below expectations of 3.1 %. This represents a remarkable decline compared to the previous month when inflation was still 4.0 %.

The fact that core inflation has dropped to 4.8 % in the year and thus exceeded the market expectations of 5.0 %. This is the first time since December 2021 that the core VPI inflation is less than 5.0 %. Analysts regard this development as a potential sign that the 26-month fight against inflation could gradually come to an end.

Compared to the previous month, the total VPI rose 0.3 % and thus exceeded the increase of 0.1 % in May. In the month comparison, the core VPI was somewhat below the expectations of 0.4 %.

The publication of the CPI data is of particular importance for the Bitcoin and cryptom market. The Federal Reserve has increased the interest rates by 5.0 basis points since March 2022 to contain inflation. Today's figures could now have an impact on Fed's political decision -makers who will be advised on further interest rate increases at the end of July. Before the CPI data was published, the market assumed that the FED would decide an interest rate increase by 0.25 basis points. Today's figures could affect these expectations.

The Fed itself has emphasized that its decisions are dependent on data. The President of the San Francisco FED, Mary Daly, recently commented that the Fed could possibly do less or more, depending on how the data develops.

Although the overall inflation tends to decrease according to the data and approaches the 2 percent goal, prices without food and energy are still greatly increased. This shows that the fed's inflation control has not yet been completed.

The Bitcoin price reacted carefully to the publication of the CPI data. The price initially increased over $ 31,000, but then fell below $ 30,800. As analysts explain, there is often a short-term positive reaction to positive CPI publications, which, however, turns back after a few minutes. It remains to be seen how the market evaluates the data in the coming hours.

Overall, today's CPI data show a surprising cooling of inflation, which leads to optimism in the Bitcoin and cryptom market. However, the effects on the decisions of the Federal Reserve and the further development of inflation remain.