#CryptoCPIWatch 📈 U.S. CPI Snapshot
Headline CPI (YoY): 2.4% (unchanged from March)
Core CPI (YoY): 2.8% (steady)
Monthly Change: +0.3% for both headline and core CPI
These figures align with forecasts, indicating that inflation remains stable despite recent tariff implementations .
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💹 Crypto Market Reaction
As of 11:46 AM PKT, major cryptocurrencies are experiencing slight declines:
Bitcoin (BTC): $102,523 (-1.74%)
Ethereum (ETH): $2,456 (-2.11%)
Solana (SOL): $171.05 (-2.59%)
Chainlink (LINK): $16.43 (-4.48%)
Aave (AAVE): $215.65 (-2.65%)
Traders are engaging in profit-taking ahead of the CPI release, leading to a cautious market sentiment .
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🔮 Market Outlook
Bullish Scenario: If inflation remains stable or decreases, the Federal Reserve may consider rate cuts, potentially boosting crypto prices.
Bearish Scenario: Higher-than-expected inflation could lead to tighter monetary policy, putting downward pressure on risk assets like cryptocurrencies.
Analysts suggest that a CPI reading at or below 2.3% could propel Bitcoin towards new highs, while a figure above 2.4% might result in market consolidation .
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📊 Key Levels to Watch
Bitcoin (BTC): Support at $100,000; Resistance at $105,500
Ethereum (ETH): Support at $2,400; Resistance at $2,600
Solana (SOL): Support at $166.90; Resistance at $181.50
Chainlink (LINK): Support at $16.09; Resistance at $17.83
Aave (AAVE): Support at $211.28; Resistance at $228.04