Circle · Apple · Bitcoin · Decrypt
Crypto Rips on Cool CPI, but Warsh Landed’t Call It a Win
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The soft inflation print crypto was waiting for finally landed.
Key facts
- Though odds of at least 1 hike are still ~80% by end of year (down from 90%)
- June CPI fell 0.4% month over month, the biggest monthly decline since April 2020, dropping the annual rate to 3.5% from May’s 4.2% and coming in under the 3.8% expected
- Crypto Rips on Cool CPI, but Warsh Won’t Call It a Win
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Summary
Morning Minute is a daily newsletter written by Tyler Warner. Crypto majors are up 3-6% after a cold CPI print; BTC at $64.6k. HYPE jumps 7% to $68 as SEC Crypto Task Force meets with HPC team. Mizuho downgrades Circle to $50 target, cites OpenUSD competition. Pump.fun hits first major unlock as $86M in PUMP hits market (PUMP +15%)