According to CoinMeta, today's crypto market performed steadily, with the price of Bitcoin hovering around $64,000. The cooling down of the U.S. Consumer Price Index (CPI) alleviated concerns about interest rate hikes. Although the market is generally in a state of consolidation, altcoins performed relatively strongly. According to the latest data, in July, CPI rose by about 0.1% month-on-month and 3.4% year-on-year, while the core inflation rate dropped to around 2.5%. Although inflation data supports an overall deflationary trend, the market did not see the surprises that usually cause sharp fluctuations in crypto asset prices due to the data being in line with expectations. Bitcoin's dominant position has weakened, indicating that some funds are flowing towards altcoins.