The impact of the US CPI data on Crypto Assets (especially Ethereum) is mainly transmitted through the following paths, with the core logic being inflation expectations → Fed policy → USD Liquidity → pricing of risk assets:
1. Data above expectations (e.g., core CPI reaching 3%)
Path:
CPI exceeded expectations → Market strengthens "stubborn high inflation" expectations → Fed delays interest rate cuts/maintains high rates → US dollar strengthens + risk assets sold off → Crypto Assets under pressure
Specific impact on Ethereum:
- Short-term downward pressure: A stronger US Dollar Index (DXY) may
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