U.S. CPI at 3.4%, September Fed rate hike odds drop to 44%
On-target inflation matters less than the bond market reaction: 2-year yields fell 3.6bp to 4.19%, September Fed hike odds slipped to 44%, and bitcoin absorbed it all near $64K.
Macro events that move crypto — central bank rate decisions, inflation prints, banking stress, and global risk shifts.
Crypto does not trade in a vacuum. The Macro beat at Zipp tracks the off-chain events that hit Bitcoin and the broader market within minutes — central bank rate decisions, inflation prints, oil shocks, currency moves, and geopolitical flare-ups. When the Fed signals a pivot, when CPI undershoots, or when a Hormuz blockade sends crude up 10%, that is a macro story long before it is a crypto story. We treat it that way.
Our coverage follows the chain from policy to price. A hot PPI revives rate-hike odds, the dollar firms, and BTC sells off before the first on-chain metric has moved. A surprise KOSPI crash drags risk assets overnight, and Asian-session liquidity decides whether the opening is a flush or a fade. We focus on the data releases, central-bank guidance, banking-system stress signals, and geopolitical risk that genuinely move digital assets — not the noise that just moves headlines.
Day to day, Zipp tracks the macro calendar (CPI, PPI, FOMC, NFP, PCE), central-bank decisions from the Fed, ECB, BoE, BoJ, and emerging-market peers, oil and dollar moves, and major geopolitical events. We connect each one to what it means for BTC, ETH, and the majors, so readers can react to the macro signal instead of chasing the price reaction.
On-target inflation matters less than the bond market reaction: 2-year yields fell 3.6bp to 4.19%, September Fed hike odds slipped to 44%, and bitcoin absorbed it all near $64K.
Congressional path is jammed, but the SEC and CFTC are handing traders the one thing they needed: certainty on which agency owns which token.
About 26% of ONE's circulating supply minted from thin air is the structural blow; the rest of the market is coiled ahead of July U.S. CPI at 12:30 UTC that could reset the risk-asset tone.
The ideas could improve after-tax investment returns and reduce friction in housing, linking financial markets to household wealth and federal revenue.
Durable bipartisan rules could make crypto less exposed to policy reversals, while the US-China contest over AI and crypto raises the strategic stakes.
The shift puts agency action ahead of legislation, keeping the market-structure debate alive while the industry still waits for statutory certainty.
Wednesday's CPI is the first major inflation read since September rate-hike odds collapsed from 80% to 44%; the character of bitcoin's stall suggests shorts, not holders, are capping the upside.
Supply running above the pre-war baseline means the supply shock isn't just healed, it's overshot, taking the war-risk premium off crude prices.
Real yields near a 2.4% 2026 high and a $63K on-chain demand shelf of roughly a tenth of BTC supply frame the Aug. 12 print.
The 23,000-job July payrolls miss should have sparked a relief rally. Instead Bitcoin rolled off the 50-day average cleanly. That disconnect is the real trade into tomorrow's CPI.
Each of these committee chairs has opposed past crypto bills, and Waters went so far as to call the Clarity Act the 'Calamity Act' during a hearing walkout.
The Senate setback shifts the near-term regulatory spotlight to agency action, while the congressional route remains unresolved and no final framework has emerged.
Near-term fiscal uncertainty is lower for risk assets, but the House still must approve the measure before Sept. 30.
Interoperable rails could lower the friction of trade settlement across the bloc, giving CBDCs a more practical role in international payments.
FxPro reads the four-day $65K standoff as short positions building above the line, not holders selling into it. $70K near the 200-day MA flips sentiment; oil and CPI decide whether it breaks.
The thesis makes global liquidity the bridge between yen support and Bitcoin, putting the dollar-yen policy path at the center of crypto's macro outlook.
The bill's advance would test whether Washington can deliver a clearer market-structure rulebook for digital-asset firms.
The forecast links AI adoption to the sector's employment outlook, with more complex roles adding a higher-value angle to the Philippines' growth story.
Schiff’s argument turns relative performance into the key test for Bitcoin’s digital-gold thesis against precious metals during macro stress.
The announcement raises the stakes for U.S.-Iran relations, putting regional security and investor risk appetite in focus.
Rate decisions change the cost of capital and the appeal of risk assets. When a central bank holds rates higher for longer, or signals hikes, money tends to rotate out of volatile assets like crypto and into cash or bonds. When it signals cuts, liquidity expectations improve and risk assets often rally.
CPI, the Consumer Price Index, measures the change in prices paid by consumers. It is the main gauge of inflation used by central banks. A higher CPI usually delays rate cuts and pressures crypto; a lower CPI typically fuels rate-cut bets and supports risk assets.
Oil is a proxy for global growth and inflation. Sharp oil rallies, often driven by Middle East conflict or supply shocks, push inflation higher, lift the dollar, and weigh on risk assets including BTC. Sudden drops can do the opposite, easing inflation fears and supporting crypto.
The most-watched are CPI, PPI, PCE, nonfarm payrolls, and the FOMC rate decision in the US, plus the policy moves of the ECB, BoE, and BoJ. Oil prices, the US dollar index (DXY), and Treasury yields round out the picture, because they translate policy into the liquidity conditions crypto trades on.