Back to collectionHot CPI Halts the Rally as Another Mint Pass Opportunity Opens
Background: Earlier rounds had offered chances to obtain mint passes, but some people had missed them. Today: US CPI came in at 7.5%, above expectations, and BTC’s rise abruptly stopped. Impact and next: The inflation reading sapped the rebound’s momentum, while the new opportunity meant those who missed earlier rounds might still obtain a pass.
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Background: Earlier rounds had offered chances to obtain mint passes, but some people had missed them. As US inflation data sent markets into a sharp turn that day, the team and Catapult had to decide whether to give those people another opportunity to participate.
Today: US CPI came in at 7.5%, above expectations, and BTC’s rise abruptly stopped. On the same day, the official team and Catapult offered another batch of opportunities to obtain mint passes for people who had missed earlier rounds. As the market turned, the chat was also watching for how to take part.
Impact and next: The inflation reading sapped the rebound’s momentum, while the new opportunity meant those who missed earlier rounds might still obtain a pass. It remained to be seen who would secure one and when the subsequent mint would begin. The team still needed to explain how to participate, and the community needed to identify official notices.