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Bitcoin's price rose modestly after US CPI data showed inflation increased 2.7% in July, aligning with economists' expectations.
The CPI print, while showing persistent inflation, did not surprise markets, leading to a muted BTC reaction at $118,500.
Analysts predict a 90% chance of the Federal Reserve cutting rates in September, with Bitcoin likely unaffected by the CPI report.
#breakingnews #cpi