After CPI Data Release, Crypto, Gold, and US Stocks Experience Short-Term Decline Followed by Recovery

BlockBeats News, August 12th, after the CPI data was released, short-term trends in crypto, gold, and US stocks all experienced initial declines followed by gains. According to HTX market data, Bitcoin quickly fell from $64,452 to around $64,000 after the data was announced, then rose again. At the time of writing, Bitcoin is currently trading at $64,146.37, with a 24-hour increase of 0.83%.

According to Bitget market data, US stock futures initially fell slightly before quickly rebounding, with the Nasdaq 100 Index futures extending their gains to 0.9%. Spot gold briefly dropped by about $30, then rose by over $20, and is now priced at $4,412.38 per ounce.

Preliminary market analysis indicates that the CPI data shows mild inflation in the U.S. in July, which may ease the pressure on the Fed to raise interest rates.