KoinlyticsFED news
Wednesday's CPI Print Decides Whether August's Crypto Rally Was Real
July CPI lands August 12 at 8:30 a.m. Eastern. Consensus expects headline at 3.4% year over year, easing from 3.5%, with core at 2.5% from 2.6%, the lowest since January. Both would be the lowest readings of the year and would extend the rate relief that started this rally.
The US Shed 23,000 Jobs, Bitcoin Went Up, and September Hike Odds Fell to 44%
July nonfarm payrolls fell 23,000 against a forecast of plus 80,000, the first drop in months. Wage growth slowed to 3.2% year over year, the weakest since May 2021. Odds of a September Fed hike dropped to 44% and Bitcoin pushed above $65,000.
Bitcoin Holds $64K With Fear at 27 While Two Macro Events Decide the Rest of the Week
Bitcoin traded at $64,037 on August 5, up 0.98% on the day, with total crypto market cap at $2.27 trillion and the Fear and Greed Index at 27. Two things are driving positioning: Strait of Hormuz negotiations that could resolve within days, and Friday's July jobs report.
Three Fed Dissents, One Rate Hold, and a $32.1M Bitcoin ETF Flip on the Same Day
The FOMC kept rates at 3.50% to 3.75% on July 29 in a 9-3 vote, the first triple hawkish dissent since 2016, and by July 31 spot Bitcoin ETFs had booked $32.1 million of net inflows.
Follow every move that matters to your bag.
Track your portfolio, LP positions and impermanent loss live. Join Koinlytics and see what moves the market before it shows on Twitter.
Join Koinlytics