#CryptoCPIWatch The crypto market is bracing for the US Consumer Price Index (CPI) data release, which could significantly impact market volatility. Here's what's expected:

- *CPI Forecast*: Inflation is predicted to rise at an annual rate of 2.4% in April, unchanged from March. Core CPI inflation is expected to stay at 2.8% year-over-year.

- *Market Impact*: A softer-than-expected reading could boost investor confidence and rally cryptos, while a surprise uptick might trigger risk-off sentiment and cause prices to fall.

- *Bitcoin's Reaction*: Bitcoin's recent dip below $102,000 has sparked liquidations, with over $730 million in leveraged positions wiped out across crypto markets ¹.

- *Trader Caution*: Traders are advised to be cautious, as the CPI data release could introduce further volatility in the digital asset space.