The latest US CPI inflation data has been officially released. This set of data has a significant impact on the crypto market.

The overall CPI performance this round basically met market expectations, and the market reaction was relatively muted. But what truly deserves attention is the core CPI—it underperformed expectations, which is undoubtedly a positive signal for the crypto space.

Why is that? The logic is quite straightforward: if core inflation is below expectations, it means more room for interest rate cuts, which will support the strength of risk assets; conversely, if the data exceeds expectations, it will increase the difficulty of implementing rate cuts and put pressure on the market; as for in-line data, the market impact is basically neutral.

In simple terms: below expectations → positive, in line with expectations → little impact, above expectations → negative. You can compare the specific data with the relevant charts for reference.