US CPI Data Mixed wit Higher Core Inflation, Bitcoin Dips
US CPI data don drop wit headline Consumer Price Index yearly at 2.7% vs 2.8% wey dem expect plus monthly at 0.2% wey match wetin dem forecast. Core CPI yearly jump go 3.1% (compared to 3.0% wey dem expect) plus monthly go 0.3%, na the highest core inflation wey don happen since February 2025. This kain mixed CPI data mean say price pressure still dey, and e make Federal Reserve rate-cut plan hard. Bitcoin quick react: after e no fit hold the gains wey pass $122,000, BTC fall as traders dey reason the hawkish matter. The difference between the low headline CPI and hotter core CPI show say monetary easing go slow, wey cause wahala for crypto market. Traders go dey watch the Fed talk and new economic releases to know how interest rates and crypto assets go move.
Bearish
Di news be bearish for crypto markets. Core CPI wey dey rise pass forecast mean say inflation go dey persistent, make Fed no too likely to cut rates soon. For history, if inflation reading high pass wetin dem expect, e dey make dollar strong plus risk-off sentiment, wey dey put pressure for Bitcoin and other digital assets. BTC no fit hold gains pass $122,000 before dis data mean say traders dey cautious. Short term, volatility fit increase as market go dey reassess when Fed go act. Medium term, if dem delay monetary easing, e fit hold back crypto bull run till inflation dey ease well or Fed show say dem go change direction.