Market rallied during the US hours, with $BTC regaining the 60k mark. As of now, $BTC is trading at $60,595 and $ETH at $2,702.
July’s PPI number came in lower than expected at 0.1% MoM (expected 0.2%). With this data, the possibility of a 50bp rate cut in September has increased to 53%. Now, all eyes are on the upcoming CPI, with expectations at 3.0% YoY.
In the news, Binance has introduced $TON on their launchpool, Grayscale launched a MakerDAO trust, and DRW has reported holding $150M of Ethereum ETFs.
During the last 24 hours, the top three gainers were $TRIBE, $AVAIL, and $RUNE, while the top three losers were $SUI, $PEOPLE, and $SEI.
