US Economic Resilience And Its Impact On The Crypto Market On The Remaining Year

Illustration of crypto assets (photo: pexels)

JAKARTA - The latest United States Consumer Price Index (CPI) report for July shows an inflation trend that continues to subside, with consumer prices rising by only 2.9 percent over the past 12 months.

Responding to these conditions, Crypto Analyst Reku, Fahmi Almuttaqin said, although the development of the CPI inflation trend that is quite good will help strengthen expectations of the possibility of lowering the Fed interest rate in September.

However, unlike the US stock market, according to Fahmi, the impact of existing economic dynamics on the crypto market has not had much positive impact.

"This is due to the focus of investor perceptions on the impact of the existing situation, namely the potential delay in the Fed's interest rate reduction. Meanwhile, the resilient US economy may have a positive impact on the business sector in the country, such as the potential for increased sales, the direct impact on the crypto market is not too significant," added Fahmi.

However, the various economic prospects that will occur in the next two months will certainly make the crypto market at an increasing uncertainty.

Well, in the midst of the existing dynamics, Fahmi mentioned that the gradual accumulation strategy and portfolio management are more active as part of the attractive options for investors to pay attention to.

Because according to him, the relatively measurable volatility of the crypto market today, with the potential for a larger bullish cycle after the Fed's interest rate policy change, has made the potential for an active return from portfolio management higher.

"In a situation like this too, many potential crypto assets with the launch of significant technological upgrades and attractive product features in recent weeks, which investors don't know too much about," concluded Fahmi.