Bitcoin Price Reaction to CPI

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Business & Economics

Bitcoin Dominance & Coinbase Premium Drop, What's Next for BTC Price?

Summary

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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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formal

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English

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