Crypto Update: ETH Outpaces BTC as Rate-Cut Bets Lift Digital Assets
Ethereum has quietly outrun Bitcoin over the past two weeks, and the reason is less about crypto-specific dynamics than about what happened in a Labor Department report. June CPI fell 0.4% month-over-month, bringing annual inflation to 3.5% and undercutting the Federal Reserve's own June projection of 3.6%. That single print reset rate-cut expectations fast enough to lift every risk asset with a heartbeat, and Ethereum, sitting further out on the risk curve, caught the bigger bid. Key Takeaways Bitcoin traded at $64,874 on July 16, consolidating below the $65,000 resistance level after a 3.8% rally on July 14. Ethereum gained more than 22% from its July 1 level near $1,570, reaching $1,924 a…
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