CPI Meets Crypto Momentum: Bitcoin Eyes $135K, Ether Nears ATH as Fed Pivot Looms

Cryptocurrency News Today: Market Updates & Analysis podcast.Hey frens, Crypto Willy here. Big week in crypto as macro meets momentum. With July CPI landing Tuesday, traders are positioning for a potential “risk-on unlock” if inflation cools toward the 2.8% year-over-year consensus; Alice Liu at CoinMarketCap told DL News the print could “lock in expectations for a September Fed rate cut,” a setup that’s historically tailwindy for Bitcoin and high-beta alts. According to DL News, Bitcoin reclaimed the $118k–$122k zone into the release, while Ether ripped more than 20% week-over-week, stoking talk of fresh all-time highs if CPI cooperates and the Fed pivots more clearly toward easing.On the tape, CoinDesk reports Bitcoin is holding above $119,000 after a 2.2% daily rise, with traders eyeing $135,000 as near-term resistance, while Ether’s charging back toward its $4,800 record on a 17% weekly surge; altcoins like XRP and Solana joined the party as total crypto market cap tapped roughly $4 trillion. CoinDesk adds that ETF flows and CPI hedging are shaping options skew and spot demand as desks brace for volatility around the print.Technicals stayed constructive. Cointelegraph notes bulls defended the $117,000–$120,000 shelf on Bitcoin despite heavy selling near the $123,218 all-time high, keeping the door open for a breakout if buyers absorb overhead supply. They also flag that Ether held above its $4,094 breakout level, with momentum traders re-engaging; even Arthur Hayes flipped back long, rebuying 2,373 ETH around $4,150 after trimming near $3,507, signaling renewed conviction on the move.Under the surface, rotation returned. Ether’s leadership coincides with sticky ETF inflows and narrative fuel from the post-Dencun L2 boom and the coming Pectra improvement cycle later in 2025. Binance Research-style roundups this week highlighted wide ETH targets into year-end—Glassnode founders and analysts like Dennis Liu sketch scenarios that stretch from $7,500 to $14,000 depending on macro and ETF traction—while more conservative shops cap 2025 around $4,000–$6,000 if L2 siphons base-layer activity. Across retail channels, Changelly’s aggregated outlook pegs ETH in a $4.2k–$5.0k August range, a middle path between euphoric and cautious takes.Alt themes kept humming. CoinDesk’s market wrap counted broad-cap strength, with Solana back in the green as on-chain activity and NFT/GameFi rails revived, and Chainlink sentiment buoyed by cross-chain and fintech integrations discussed across crypto media. Listicles like Crypto-Economy’s “Top 7 for August” leaned into ETH, SOL, LINK, AVAX, MATIC, and INJ on real-world asset tokenization, subnets, and oracle infra momentum—classic late-cycle infrastructure bid when liquidity expands.Key watch items for the next few sessions:- CPI surprise and Fed path: A cool print tightens September cut odds and extends beta; a hot print revives “higher-for-longer” headwinds. That binary likely governs whether BTC can clear $123k cleanly and whether ETH re-tests $4.8k with authority. (DL News, CoinDesk)- ETF flow-through: Sustained net inflows after the data would validate the breakout; Cointelegraph flagged last week’s ramp in BTC ETF subscriptions as a tell for dip-buying strength.- Rotation breadth: If ETH leadership persists without draining BTC, the “alts lift BTC” dynamic that CoinDesk spotlighted could extend, favoring high-liquidity L1s/L2s and core infra.That’s the wrap from Crypto Willy—thanks for tuning in, and come back next week for more market intel and on-chain nuance. This has been a Quiet Please production. For me, check out QuietPlease dot A I.Get the best deals https://amzn.to/3ODvOta

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