Bitcoin

The UK's energy-driven disinflation highlights the fragility of current macro narratives—global inflation control remains hostage to geopolitical shocks rather than monetary policy. This reinforces the 'higher-for-longer' rate scenario in the US, where core inflation is stickier, keeping the Fed on hold while crypto markets remain trapped in a risk-off regime with 7d BTC down 3.72% despite the headline.

UK inflation fell to 2.8% due to lower gas and electricity bills.