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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the digital assets' sensitivity to monetary policy, Bitcoin and Ethereum prices jumped following softer-than-expected US Consumer Price Index (CPI) data. According to reports, legislative developments regarding the introduction of Bitcoin ETFs in Japan further bolstered market sentiment. This rally underscores investor optimism regarding a more favorable economic environment and the continued expansion of global institutional adoption.
This surge occurs as traders weigh global macro shifts, with cooling inflation data increasing expectations for interest rate cuts by the Federal Reserve. Compared to traditional assets, cryptocurrencies benefited from the easing inflationary pressures, aligning with market trends that show growing institutional interest in crypto funds across Asia, particularly following recent moves by Japanese regulators per market data.
Looking ahead, investors are closely monitoring the FOMC Minutes scheduled for later today, July 8, 2026, for clues on the future interest rate path. In the absence of confirmed real-time price levels, focus remains on technical support levels for major tokens, while upcoming inflation data from China on July 9, 2026, stands as a potential catalyst that could impact risk appetite across Asian and global markets.