Market rallied post-CPI, with $ETH trading near its all-time high. As of now, $BTC is trading at $120,146 and $ETH is trading at $4,590. Bitcoin dominance stands at 59.69%.
U.S. headline CPI for July rose 2.7% yoy—slightly below the 2.8% forecast—with a 0.2% mom increase, in line with expectations. Core CPI climbed 3.1% annually, its fastest pace in five months, prompting traders to increase bets on a September Fed rate cut. While some categories reflected the impact of tariffs, others that are typically affected by import duties showed little change.
A few other headlines include: Circle announcing plans to launch Arc, an EVM-compatible Layer 1; Pantera Capital investing over $300 million in digital asset treasury (DAT) companies; and Paradigm co-founder Matt Huang set to lead Stripe’s blockchain initiative, Tempo.
During the last 24 hours, the top three gainers were $FARTCOIN, $PUMP, and $DEEP, while the top three losers were $B, $XMR, and $SYRUP.
