Cryptocurrencies Surge as U.S. Inflation Data Spurs Rate Cut Speculation

Cryptocurrencies Surge as U.S. Inflation Data Spurs Rate Cut Speculation

Annual consumer prices in the U.S. eased in July, fueling optimism that the Federal Reserve may initiate interest rate cuts at its upcoming September meeting. This economic backdrop provided a bullish momentum for both cryptocurrencies and U.S. equities, with THORChain (RUNE) leading the charge, gaining 12% on August 14. Toncoin (TON), Notcoin (NOT), and Celestia (TIA) also posted significant gains, with each token rising over 10% during the day...

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