Analysis: Weakness in CPI and inflow of ETF funds drive strong momentum in altcoins

2025-07-16 12:21

Odaily Planet Daily News: Due to traders betting that the Federal Reserve will adopt a dovish stance, weak US CPI data and strong ETF inflows have driven up altcoins, with Ethereum rising 6% and Solana rising 4%. Analysts point out that Bitcoin may consolidate near its historical high and fall back from its recent high, leaving room for altcoins to catch up. (The Block)

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