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🚨 BREAKING — US INFLATION COMES EVEN WEAKER 📉🇺🇸
📊 The Core PPI (producer price index core) came in at 3.8%, below the expected 4.1%.
💥 What does this mean?
This shows that wholesale inflation came in more controlled than the market expected, a positive sign for risk assets.
🚀 Impact on the crypto market
🟠 Bitcoin and the crypto market tend to react positively when inflation surprises to the downside, because it increases hopes for lower interest rates in the future. Today, BTC has already reacted higher after the data.
💎 XRP / Altcoins
With the Dólar potentially losing strength and risk appetite increasing, XRP, Ethereum, and altcoins could gain momentum if the market maintains an optimistic sentiment.
💵 Dólar and interest rates
📉 Data below expectations reduces pressure on the Federal Reserve (FED) to keep interest rates high for longer, although annual inflation is still running high.
🔥 Summary:
➡️ Lower-than-expected inflation
➡️ The market can breathe a sigh of relief
➡️ Crypto gains strength
➡️ Eyes on the FED’s next move
$BTC $GT $XRP