Bitcoin Holds Steady as US Core Inflation Stays at 2.9% in August - What This Means for Crypto
Bitcoin's price barely flinched while traditional markets held their breath.
Inflation Reality Check
The Consumer Price Index delivered exactly what Wall Street feared—core inflation clinging stubbornly to 2.9% in August. That's three straight months of stagnation despite the Fed's hawkish rhetoric.
Crypto's Non-Reaction
Digital gold demonstrated its decoupling narrative remains intact. While bond yields twitched and equities wobbled, Bitcoin maintained its composure—trading sideways as institutional money weighed the implications.
The Bigger Picture
Sticky inflation above the Fed's 2% target means higher-for-longer rates. That typically spells trouble for risk assets. But crypto markets shrugged it off like a bored whale ignoring retail panic.
Traditional finance pundits scrambling to explain why their inflation models keep missing the mark—maybe try adding a blockchain variable next time?
