The monthly inflation readings have gained prominence this year, because they influence Fed policy and the demand for the dollar, often a countervailing factor in the price of bitcoin. The dollar index, which tracks the greenback’s value against major currencies, has rallied by 11% this year, as the Fed embarked on its most aggressive tightening cycle in over two decades. Bitcoin has dropped by 50%.
Inflation Probably Slowed in July, but Not by Enough to Trigger Crypto Bull Run
