๐ US inflation data
The published CPI figures showed a slowdown in inflation, increasing the likelihood of a softer Fed policy. Markets reacted positively, and risk assets, including crypto, received support.
Impact: Bullish โ lower inflation risks create better liquidity conditions.
๐ฆ Comments from Fed representatives
Fed members confirmed readiness to lower the rate if macro data allows. This reduces pressure on the dollar and may serve as a catalyst for the rise of Bitcoin and altcoins.
Impact: Bullish โ expectations of cheaper money enhance appetite for risk assets.
๐ถ ECB and digital euro
The European Central Bank is again promoting the idea of a digital euro. The discussion causes disputes among politicians but underscores the EU's course towards the development of digital currencies.
Impact: Neutral / Bullish in the long term โ legitimization of digital money supports trust in the market.
๐ Inflows into Bitcoin ETF
At the beginning of the week, spot BTC-ETFs recorded strong inflows exceeding $600 million, although there was an outflow in the middle of the week. Overall, institutional interest in Bitcoin remains high.
Impact: Bullish for BTC โ confirmation of trust from major players.
๐ Delay of ETF on SUI
SEC postponed the decision on launching SUI ETF to December, initiating additional review. This delays the emergence of a new demand driver for the token.
Impact: Bearish for SUI โ lack of a quick catalyst may restrain the price.
๐ข Decline in oil prices
Oil ended the week with a decline amid expectations of greater supply from OPEC+. This reduces pressure on inflation and supports risk asset markets.
Impact: Bullish โ weaker energy โ lower inflation โ more room for central banks in soft policy.
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Conclusion:
US inflation data and comments from the Fed created a favorable backdrop, Bitcoin received strong support from ETF inflows, and news from the EU and ECB set a long-term direction. The only 'bearish' exception is the postponement of the decision on SUI ETF. Overall market sentiment โ cautiously bullish.