A recent report from Blofin highlights a cautiously bullish sentiment among crypto investors, influenced by positive CPI data altering expectations of Fed rate cuts.
Market anticipates limited Fed rate cuts, with expectations of 45 basis points for the remainder of the year and only one rate cut in 2024.
Increased market uncertainty reflected in the surge of volatility indices due to recent CPI surprise and shifting economic conditions.
Crypto options market shows optimism with notable price surges in Bitcoin and Ethereum, but concerns about future Fed rate cuts and broader macroeconomic conditions persist.