Crypto Market Shows Selective Moves with MNT and HASH as U.S. Inflation Data Awaited

The crypto market is showing selective movement, with tokens like MNT and HASH standing out while major cryptocurrencies trade flat ahead of key U.S. inflation data. The broader economic context—including a 0.4% rise in August’s CPI—is shaping risk appetite and capital flows into higher-risk crypto assets.

Recent Movements: MNT and HASH

HASH surged nearly 28% after announcing a new inflation model aimed at supporting stakers, though it later gave back some of those gains. It’s now trading around $0.03522 with thin volumes, highlighting the volatility typical of smaller tokens.
MNT remains stable, supported by its transition from BitDAO and high staking rewards—currently offering around 71% APY on Coinbase, compared to just 1.86% for ether staking. With over two-thirds of its supply staked, liquid supply on exchanges remains tight.

How Inflation Data Affects the Crypto Market

CPI data heavily influences expectations around Federal Reserve policy, making it a key driver of crypto market moves. Higher readings suggest tighter monetary policy, while lower figures raise hopes of easing—often boosting risk-on assets like crypto. Each economic report can trigger outsized moves, especially in less liquid tokens.

Technical Signals, Risks, and What to Watch

The mix of project-specific news and macro factors creates both opportunities and risks. Key factors to monitor include:

• Exchange supply scarcity: High staking ratios reduce available liquidity and can amplify price moves.

• Small token volatility: Governance updates or emission changes (like HASH’s proposal) often cause sharp pumps followed by corrections.

• Correlation with major assets: Reactions in Bitcoin and Ethereum to macro news heavily influence altcoin flows.

Keep an eye on trading volume, staking rates, project announcements, and upcoming Fed communications to gauge whether price moves are sustainable or driven by low liquidity and short-term news.