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softest inflation readingCoinGape
•Business
Business & Economics
69% Informative
Bitcoin 's price failed to react significantly to softest CPI print since 2021 .
Bitcoin dominance has dropped 5% from 65.38% to 61.96% , indicating capital rotation to altcoins.
The drop in Bitcoin dominance suggests it might be time for BTC price to cool off.
The upcoming FOMC meeting in September , coupled with the Fed ’s decision to cut rates after a soft CPI print, will play an important role in establishing Bitcoin 's directional bias.
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