Markets Soar as Inflation Chills—While Crypto Cashes In With $3.5T Milestone

Wall Street’s popping champagne as inflation finally takes a breather—just in time for crypto to steal the show with a record-smashing valuation. Traders are suddenly ’long-term believers’ again (until the next 10% dip, obviously).

Here’s what’s fueling the frenzy:

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CPI cooldown
: Inflation drops to 2.7%, giving the Fed room to ease up on rate hikes—and investors room to YOLO back into risk assets.

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Crypto’s trillion-dollar glow-up
: Bitcoin leads the charge as total market cap punches through $3.5T, proving digital gold still shines when traditional markets wobble.

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Institutional FOMO
: BlackRock’s ETF inflows hit $1B/day while pension funds quietly allocate to ETH staking—because nothing says ’hedge against inflation’ like volatile internet money.

Meanwhile in legacy finance: Goldman Sachs analysts rush to explain how they ’always believed in blockchain’ while discreetly closing their 37th crypto derivatives desk this year. The revolution will be tokenized—and heavily monetized.

Inflation numbers added to the relief. April’s consumer data came in cooler than expected at 2.3% year-over-year, calming fears of an overheating economy. Bond yields dipped in response, and attention now turns to upcoming reports on producer prices and retail sales for a clearer economic read.

Elsewhere, eToro revived its shelved IPO, pricing shares at $52 as it prepares to list under the ticker ETOR. The timing suggests renewed investor appetite now that tariff concerns have momentarily eased following temporary agreements with both China and the UK.

With markets regaining some footing, all eyes are on whether this rebound is the start of a new leg higher—or just a brief reprieve.