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Crypto Rallies to Wall Street’s FOMO: What Happened in Crypto This Week?
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This Week in CryptoCrypto Soars as Inflation Shows Signs of Cooling13F Filings Disclose Wall Street FOMOChainlink Continues Powering TokenizationCrypto Soars as Inflation Shows Signs of CoolingWhile inflation shows tentative signs of easing, both Bitcoin and Ethereum surged on positive macro data and market forecasts suggesting potential rate cuts, although Fed officials seem to be less optimistic. We'll explore the conflicting signals, unpack the Fed's next move, and highlight key events to watch that could impact markets this week.The Consumer Price Index (CPI) dipped to 3.4% in April, down from March’s level of 3.5%. Similarly, Core CPI, which excludes food and energy prices, also showed a slight decline to 3.6%. This decrease, coupled with weaker-than-expected retail sales data, suggests consumer spending may be easing, further dampening inflationary pressures. However, the Producer Price Index (PPI), which reflects wholesale costs, exceeded expectations in April, suggesting price...
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