US CPI was in line with expectations, the probability of the Federal Reserve suspending interest rate hikes in September rose to 60%, Bitcoin consolidated around $63,000, gold tokens rose slightly, and AI and crypto infrastructure became the focus.
The market was overall stable overnight. The U.S. CPI annual rate in July was in line with expectations at 3.4%, easing inflation concerns. The probability of the Federal Reserve suspending interest rate hikes in September rose to 60%. Global stocks edged higher and crude oil held steady. Bitcoin found support near $63,000, but failed to effectively break through, and market sentiment was cautious. Gold tokens rose slightly as safe-haven demand remained. AI and cryptocurrency infrastructure have become the focus of the market. Wintermute plans to invest US$1 billion in AI, and CME launches AI computing futures, showing the acceleration of the integration of technology and traditional finance.
The price of Bitcoin fluctuated around $63,000, falling slightly by 0.36% in 24 hours. The market did not fluctuate violently after the CPI data. Ethereum rose 1.23%, showing relative strength. The Solana network has almost stalled, causing concern, but SOL still rose slightly. Wintermute’s expansion into AI and traditional finance shows the diversification trend of crypto companies. U.S. CPI is in line with expectations, and the probability of suspending interest rate hikes in September has increased, which provides potential support to the crypto market, but there is a lack of clear direction in the short term.
Gold tokens XAUT and PAXG reported at $4,401.12 and $4,414.17 respectively, with 24-hour increases of 0.88% and 0.43% respectively, continuing their slight upward trend. Inflation data is benign and real interest rates are likely to fall, which is positive for gold. At the same time, geopolitical risks still exist, with the decline in tanker traffic suggesting that the Strait of Hormuz issue remains unresolved, and safe-haven demand supporting gold prices. However, it should be noted that there is a price difference between gold tokens and spot gold, and market liquidity is different.
This briefing is generated automatically from public sources for reference only and is not investment advice. Markets carry risk; make your own decisions.
