Crypto Market Weekly Review: PPI Spike Softens Cuts, BTC Dips, ETH Gains
Dis crypto market review for August 11-17 show say Bitcoin (BTC) fall by 1.53%, e open for $119,309 and close for $117,489 with 6.43% trading range. Ethereum (ETH) lead di sector gains, e rise by 5.22% as money dem move into di Ethereum ecosystem. US July CPI match forecast for 2.7% year-over-year, but PPI jump to 0.9% month-on-month (3.3% YoY), well pass estimate, e cause new worry for inflation. Fed rate-cut chance change: small 25 basis point cut for September dey like pass 90% now, while 50bp expectation dey clear. US dollar index small rebound, US stock market mixed: Nasdaq slow down, but Dow Jones and Russell 2000 just manage small gain. Even with all di wahala, crypto market see $19.8 billion money enter for di week — $6.15 billion go stablecoins, $2.39 billion to ETH Spot ETFs, $2.39 billion to institutional ETH buy, $0.38 billion to BTC Spot ETFs and $0.51 billion to institutional BTC buy. EMC BTC Cycle Metrics stand for 0.75 show say trend still dey up. Traders suppose keep cautious hope, dey watch front inflation and work data for any market shakings.
Neutral
Even tho PPI surprise make Fed rate-cut expectation go down small small and cause Bitcoin plus oda assets dem to drop small time, di main uptrend for crypto inflows plus cycle metrics still dey steady. For history, inflation shocks like this one dey cause short-term wahala but e no fit stop di long-time bullish momentum. For dis case, $19.8 billion don flow enter crypto market, show say traders dem get strong appetite. Fed 25bp cut for September still dey likely, and na dis one normally good for risk assets. So di overall effect na neutral: traders fit expect small dips when macro releases come but dem go still keep cautious positive mindset for both short-term trading and long-term accumulation.