#CPIWatch

The soft core inflation reading tilts the Federal Reserve (Fed) toward maintaining its cautious monetary policy-easing path. Following the CPI release, President Donald Trump again urged Fed Chair Jerome Powell to cut interest rates "meaningfully."

The crypto market saw signs of improvement as market participants responded positively to the soft core CPI. Bitcoin posted a 1.8% gain over the past 24 hours at the time of publication as it edged toward $93,000 for the first time in nearly a week.

Ethereum also rose toward $3,160, continuing to hold above the $3,000 key level despite intense retail distribution.