Crypto Market Sees Gains on US CPI Easing Inflation Concerns

The crypto market saw gains after the US CPI release, with Bitcoin rising 0.6% to $64,051 and Ethereum increasing 1.5% to $1,909.

The July inflation rate of 3.4% year over year matched economists' expectations, easing immediate concerns about inflation.

Analysts pointed out that institutional ETF flows and blockchain settlement development are broader forces supporting the market.

The NYSE continues to develop onchain settlement infrastructure for eligible tokenized securities, with plans to launch its digital trading platform in the future.