Potential Crypto Assets In The Middle Of Post-Distribution Market Anomaly Of US CPI Data

Illustration of crypto assets (photo: Pixabay)

JAKARTA - Data Consumer Price Index (CPI) in June which was released on Thursday, July 11, decreased by 0.1 percent, which is the first time since May 2020.

The decline made the CPI index year on year up 3.0 percent, down from the figure in May at 3.3 percent. The development of the latest inflation dynamics increases market expectations of the Fed's possible decline in interest rates in September.

Because, if there is a decrease in the Fed interest rate, it will potentially have a significant positive impact on the crypto market.

Responding to these conditions, Crypto Analyst Reku, Fahmi Almuttaqin said the development of inflation is quite important for crypto market outlooks in the next few months.

"With the improving inflation trend, the potential for an increase in the flow of fresh funds to the crypto market due to a looser change in US economic policy, looks closer," Fahmi said, quoted Monday, July 15.

However, Fahmi added, currently the crypto market, which has been under pressure since early June, may not respond significantly to these developments.

He also emphasized that the anomaly currently occurring could be an interesting situation for investors to take advantage of.

"The conditions in which there are real positive developments in various aspects that have not yet been responded to by the increase in the price of crypto assets in this market can be a momentum to hunt potential crypto assets," he added.

However, investors are always advised to be wise in making investment decisions and choosing a safe and registered crypto asset investment platform to avoid technical risks.