logo

BiyaPay Analyst: US July CPI Forecast Data 'Hotter Than Expected', BTC May Retest $110,000 Support

By: theblockbeats.news|2025/08/12 11:02:02

BlockBeats News, August 12th. The U.S. Bureau of Labor Statistics (BLS) will release the July CPI inflation report at 8:30 p.m. on August 12th. The market generally expects that due to tariff-induced price increases, the CPI may rise again, putting sustained pressure on the U.S. economy. According to forecasts, the month-over-month CPI for July is expected to rise by 0.2%, with a year-over-year increase of 2.8%; after excluding the more volatile food and energy prices, the core CPI is expected to rise by 0.3% month-over-month and 3% year-over-year.

It is worth noting that this is also the first CPI report released by the agency after Trump fired the BLS commissioner, raising market concerns about the data's credibility. Both Goldman Sachs and JPMorgan have warned that the data may be "overheated" and could potentially drive ongoing inflation. If the CPI data exceeds expectations, market expectations for a September Fed rate cut may be dampened, potentially causing short-term market volatility. Especially against the backdrop of the current high level of the U.S. stock market, the CPI report could trigger a pullback.

BiyaPay analysts point out that in such a market environment, digital assets such as Bitcoin (BTC) and Ethereum (ETH) face significant pullback risks. In the short term, BTC may come under pressure, and it is advised to adopt a conservative strategy when operating, paying attention to the support level at $112,000. If the market experiences a pullback, it may present an opportunity for repositioning.

At the same time, the BiyaPay platform provides users with convenient cryptocurrency trading services, supporting the mutual exchange of over 200 cryptocurrencies including BTC and ETH, and offering spot and contract order trading with zero transaction fees.

Affected by the news of a 51% attack on Monero, XMR plummets over 10% in 24 hours
Circle will launch ARC, a Layer1 blockchain focused on stablecoins.

You may also like

Share
copy

Gainers

Latest Crypto News

09:15

PIPPIN Market Cap Surpasses $120 Million, Up Over 60% in the Last 24 Hours

08:15

Arthur Hayes: Maybe Monad Could Be the First to Fully Unlock Tokens and Challenge Ethereum and Solana

07:45

Kazakhstan's National Bank Plans to Allocate Up to $300 Million to Invest in Cryptocurrency

07:15

24-Hour Spot Funding Flow: ETH Net Outflow of $139 Million, ZEC Net Outflow of $11.58 Million

06:15

Santiment: "Buy the Dip" Strategy Fading as Ethereum Nears $3,200 Strong Resistance Zone

Read more
Community
icon
icon
icon
icon
icon
icon
icon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MMbd@weex.com

VIP Servicessupport@weex.com