Market dynamics on July 12: CPI inflation cools down, market expects two rate cuts this year
I. Market Trends
1. BTC continues to fall after multiple upward spikes.
2. U.S stocks plummet, with tech leaders collectively diving. The dollar index falls as CPI inflation cools down, and the market expects two rate cuts in September and December.
II. Market Highlights
1. BNB rebounds, stablecoin busd is deemed legal in the United States.
2. Small coins GAL and POLYX rebound, listed on Korean exchange market.
3. AI sector's WLD declines. A major unlock of WLD at the end of the month, with an annualized short-selling fee rate of 100%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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