Despite the small uptick after the softer inflation numbers, the market remains flat. $BTC is now trading at $57,337, down 0.7%, and $ETH is now trading at $3,099.
The CPI index increased by 3.0% YoY, which was below the expectation of 3.1%. This marks the third consecutive month of slowing and the lowest print since early 2021. The market is now expecting a 90+% chance of a rate cut in September.
A few headlines include Trump speaking at Bitcoin2024, the continuous debate on Story Protocol, and multiple DeFi domains being at risk of being hacked.
During the last 24 hours, the top three gainers were $GAL, $OM, and $ILV, while the top three losers were $BONK, $PEOPLE, and $AEVO.
