Crypto 350
08/13 14:12
The Crypto Market Boosted by a Falling CPI: Solana
The Crypto Market Boosted by a Falling CPI: Solana and Chainlink Benefit
The crypto rally intensifies after a 2.7% CPI (below the expected 2.8%). Solana (SOL) jumps 12.9% to $198.48 and Chainlink (LINK) 12.5% to $24.21. Ethereum (ETH) itself climbs to $4,670. But the rise of leverage revives the risk of liquidations. More details follow in the paragraphs below.
In Brief
- The post-CPI crypto rally is driven by institutional flows and hopes for interest rate cuts.
- The rise of leverage and open interest increases the risk of liquidations on altcoins.
Post-CPI rally: key figures and institutional driver
The inflation surprise fuels the probability of a Fed rate cut as early as September. This stimulates crypto demand. Altcoins follow:
- ADA at $0.85;
- DOGE at $0.23;
- SUI at $3.91;
- XRP at $3.25.
Above all, the market narrative is evolving. It mainly refers to institutional flows driving crypto assets beyond simple retail momentum. This structural change could extend the rally, especially if macroeconomic data confirm the Fed accommodative scenario.
It remains to be seen if the historical Bitcoin to altcoin rotation movement will repeat as professional appetite dominates. Meanwhile, the crypto asset prices respond strongly to macro signals and Fed announcements.
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