$BTC sold off right after the CPI print but recovered all of its losses. As of now, $BTC is trading at $97,881 and $ETH is trading at $2,735. Bitcoin dominance stands at 61.0%.
US CPI came in hotter than expected, with Core CPI recording 3.3% YoY, which was expected to be 3.1%. Following the news, US 5-year and 10-year yields rose at least 10bps, and the Fed rate cut has moved from December to September (see below for more).
A few headlines include: Trump says Russia agrees to begin negotiations to end the war in Ukraine, Cboe files a 19b-4 seeking SEC approval of staking in the 21Shares Core Ethereum ETF, and Trump plans to nominate Brian Quintenz, head of global policy at venture capital firm a16z crypto, to chair the CFTC.
Over the past 24 hours, the top three gainers were $CAKE, $ARC, and $S, while the top three losers were $MEOW, $BGB, and $AIC.
