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 .

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