Coin Edition 2025-08-12 17:20:29

CPI Report Triggers Dollar Index (DXY) Drop, Sends ETH to $4,400 and BTC to $119.5K

Almost immediately after the CPI (consumer price index) report, DXY fell sharply to 98.225 The Core Consumer Price Index (Core CPI), which excludes food and energy sectors, rose to 3.1% on a year-over-year basis Ethereum only needs 10% more value to reach the new all-time high The US Dollar Index (DXY) has fallen significantly this year, down about 10 points. This marks its sharpest six-month drop since 1991, which is often good news for Bitcoin and other cryptocurrencies since digital assets usually serve as a hedge against dollar depreciation. Today, DXY held steady near 98.5 ahead of key US CPI data and a looming US-China tariff deadline. However, almost immediately after the CPI (consumer price index) report, DXY fell sharply to 98.225 . Speaking of the CPI report , it shows that headline CPI for July came in at +2.7% year-over-year, matching June but slightly below the expected 2.8%. However, the core CPI, which excludes food and energy sectors, rose to 3.1% on a year-over-year basis. This figure surpassed both the 2.9% recorded in June and market expectations, indicating that inflationary pressures are persistent. Related: July CPI Comes in Cool at … The post CPI Report Triggers Dollar Index (DXY) Drop, Sends ETH to $4,400 and BTC to $119.5K appeared first on Coin Edition .

Most Read News

Dark Defender Says XRP Is Ready. Here’s What...
2025-08-13
Analysts Predict MAGACOIN FINANCE Could 63x a...
2025-08-13
ETH transaction count rising amid $5K push, b...
2025-08-13
Coinbase Unlocks Seamless USDC Transactions v...
2025-08-13
OKB Doubles in Price, Hits Record High as OKX...
2025-08-13
ChatGPT’s SOL Analysis: Ethereum’s $4,700 Sur...
2025-08-13
Binance Security Officer Explains the Biggest...
2025-08-13
Google Play sets new licensing rules on crypt...
2025-08-13

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.