#CryptoCPIWatch : The attention of the crypto market is focused on today's publication of data regarding the Consumer Price Index (CPI) in the USA for April. The CPI is expected to be 2.4% on a year-over-year basis, which is in line with the previous reading.

Traders are closely monitoring this data as it may impact the future monetary policy of the Federal Reserve. Lower than expected figures could be interpreted as a signal for a potential easing of policy, which may positively affect risk assets, including cryptocurrencies. Conversely, higher than forecasted data may lead to a strengthening of bearish sentiments.

Volatility in the crypto market may increase after the CPI publication as investors try to assess its impact on the Fed's future actions and the overall economic situation. #CPI #CryptoMarkets #Inflation #Fed #EconomicData