BiyaPay Analyst: US July CPI Forecast Data 'Hotter Than Expected', BTC May Retest $110,000 Support
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.
You may also like
Why Tokenized Stocks Are Booming in 2026 While Crypto Is Still Struggling
From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?
Looking at Stripe's ambitions and the future of stablecoins from OUSD
Do you want to buy CRCL?
Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity
The most secretive AI winner
Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?
MiCA reshuffle begins, Binance temporarily bids farewell to the EU
How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?
Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited
Circle CEO responds to OUSD's challenge: Stablecoins are a winner-takes-all business, and we will not slow down
Argentina vs Cape Verde: When a Record-Breaking Legend Meets an Unbreakable Underdog
WEEX exclusive pre-match analysis of Argentina vs Cape Verde, exploring Messi-led Argentina’s dominance and Cape Verde’s historic defensive breakout, with a breakdown of volatility, structure, and match dynamics.
