Crypto rises as inflation data surprises markets, Layah Heilpern notes

Crypto rises as inflation data surprises markets, Layah Heilpern notes
Crypto rallies on inflation data surprise

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%.

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.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.