US July core CPI at 2.5% met expectations, stabilizing crypto markets with minimal price movement in major assets.
Bitcoin traded at $63,830, up 0.33%, as US July core CPI data matched the 2.5% consensus, easing market volatility without triggering significant price swings. Ethereum rose 0.52% to $1,895, while the total crypto market cap remained at $2.27 trillion.
The in-line inflation report followed a period of heightened sensitivity to macroeconomic indicators, with prior prints influencing risk asset movements. Bitcoin dominance stood at 56.4%, and the Fear & Greed Index signaled fear at 29, reflecting cautious sentiment.
Altcoins showed mixed performance, with small-cap tokens like Bedrock and Acurast posting gains of 79% and 33.4%, respectively. Funding rounds also highlighted activity, including a $231 million M&A deal for Tradezero backed by eToro.