Key Insights:
- The crypto market advanced after July US CPI matched forecasts, easing inflation concerns.
- Bitcoin and Ethereum ETFs recorded positive seven-day net inflows.
- NYSE continues developing onchain settlement infrastructure for eligible tokenized securities.
The crypto market moved higher on Wednesday after July U.S. inflation data matched economists’ expectations. Bitcoin and major altcoins gained as the US CPI report eased immediate inflation concerns.
However, analysts pointed to institutional ETF flows and blockchain settlement development as broader forces supporting the market. The inflation report also lifted U.S. stocks while government bond yields moved lower during morning trading.
