US Inflation Slows, Positive Momentum for Bitcoin and Ethereum Ahead of ETH Genesis Day

INDODAX CEO, William Sutanto. (Photo: INDODAX Doc)

JAKARTA - The decline in the United States (US) inflation to 3.5 percent on an annual basis in June 2026 from 4.2 percent in May 2026 also affects the movement of global financial markets, including crypto assets. In line with the release of the data, the price of Bitcoin (BTC) moved to the US $64,600 area, while Ethereum (ETH) was around the US $1,900 level on Thursday, July 16 trading.

Based on data from the United States Bureau of Labor Statistics, the Consumer Price Index (CPI) in June recorded a monthly decline of 0.4 percent, lower than market expectations which estimated a decline of 0.2 percent. The decline was the largest since April 2020 and was mainly influenced by the weakening of energy prices, which gave room for the market to see the potential for more stable monetary policy in the future.

INDODAX CEO, William Sutanto, said that market participants generally pay attention to inflation data as one of the economic indicators that can affect the dynamics of the global financial market.

"Inflation data is one of the economic indicators that market participants pay attention to because it can affect expectations of the direction of monetary policy. It is normal if the release of the data is also responded to by various asset classes, including crypto. However, price movements are still influenced by many factors so that it cannot be concluded from only one economic indicator," said William, in his statement, Friday, July 17.

William added that market attention to Ethereum has also increased ahead of ETH Genesis Day, which is celebrated every July 30. This momentum is a reminder of Ethereum's journey since it was first launched in 2015 and the development of its ecosystem to date.

"Currently, Ethereum is entering a period that has historically increased the attention of the global community to the development of its ecosystem. ETH Genesis Day is a moment to see how the ecosystem continues to grow as the foundation of various blockchain innovations, ranging from smart contracts, Decentralized Finance (DeFi), to tokenization of assets or Real World Assets (RWA)," he explained.

However, William reminded that the movement of crypto assets is still influenced by various global factors, including the development of the United States' monetary policy as well as ongoing geopolitical dynamics. Therefore, investors still need to make investment decisions wisely and not only based on short-term sentiments.

As Indonesia's top crypto exchange, INDODAX continues to be committed to providing safe, easy, and regulatory-compliant access to crypto asset investment. In addition to providing a variety of crypto asset options, INDODAX also continues to encourage literacy improvement through education on long-term investment strategies, including Dollar Cost Averaging (DCA), as well as the importance of applying the Do Your Own Research (DYOR) principle before making investment decisions.