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Layah Heilpern, owner and host of The Layah Heilpern Show, comments on this morning's crypto market surge. She observes that the rally comes as inflation data, while still showing elevated core CPI, was not as severe as expected and has shifted rate hike odds to 79%.
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Heilpern previously described the ongoing crypto rally as a vital phase, highlighting a possible Q4 bottom unless the 90k resistance is broken in her article Current crypto rally marks turning point in cycle. She has also drawn attention to the long-term decline in the U.S. dollar’s purchasing power since 1913 in Layah Heilpern: U.S. dollar purchasing power has dropped 97% since 1913. These points underscore recurring inflation concerns in her commentary on market moves.