Bitcoin and Ethereum Projections Ahead of ETH Genesis Day as US Inflation Eases

The decline in United States inflation to 3.5% year-on-year in June 2026, down from 4.2% in May 2026, is considered to have influenced global financial market movements, including crypto assets. Alongside the release of this data, the price of Bitcoin moved to the US$64,600 area, while Ethereum was around the US$1,900 level in trading on Thursday (16/7). Indodax Chief Executive Officer William Sutanto stated that market participants generally observe inflation data as one of the economic indicators that can affect global financial market dynamics. “Inflation data is one of the economic indicators watched by market participants because it can influence expectations regarding the direction of monetary policy. It is natural that the release of this data is also responded to by various asset classes, including crypto. However, price movements are still influenced by many factors, so they cannot be concluded from just one economic indicator,” William said. According to data from the US Bureau of Labour Statistics, the Consumer Price Index (CPI) in June fell 0.4% month-on-month, lower than market expectations of a 0.2% decline. This drop was the largest since April 2020 and was mainly influenced by weakening energy prices, providing room for the market to see the potential for more stable monetary policy ahead. William added that market attention on Ethereum is also increasing ahead of ETH Genesis Day, which is commemorated every 30 July. This moment serves as a reminder of Ethereum’s journey since it was first launched in 2015 and the development of its ecosystem to date. “Ethereum is currently entering a period that historically increases the global community’s attention on the development of its ecosystem. ETH Genesis Day is a moment to see how this ecosystem continues to evolve as a foundation for various blockchain innovations, from smart contracts and Decentralized Finance (DeFi) to asset tokenisation or Real World Assets (RWA),” he explained. Nonetheless, William reminded that crypto asset movements are still influenced by various global factors, including US monetary policy developments and ongoing geopolitical dynamics. Therefore, investors need to make investment decisions wisely and not solely based on short-term sentiment.