The crypto market is showing a mixed reaction on August 12 after the latest US inflation report came in line with expectations.

US Consumer Price Index (CPI) inflation fell to 3.4% in July from 3.5% in June, while core CPI rose 2.5% year over year. The July figures matched market expectations.

The softer inflation reading has eased some concerns about another Federal Reserve rate hike. However, Bitcoin remains under pressure near $64,000, showing that traders are still cautious.

Ethereum (ETH) and Dogecoin (DOGE) are among the stronger major cryptocurrencies, while Uniswap (UNI) has been one of the day’s biggest losers, falling around 10%.

Crypto Market Outlook After July CPI

The July CPI report was released at 8:30 a.m. ET on August 12, as…