The cryptocurrency market is on high alert as the U.S. Consumer Price Index (CPI) data for April 2025 is set to be released on Wednesday, May 14, 2025. This key inflation metric could significantly influence Bitcoin's ($BTC) price trajectory and the broader crypto market.
📊 Current Market Snapshot
Bitcoin ($BTC): Trading at $102,620, down 2.43% from the previous close. Intraday high: $105,525; low: $101,065.
🔍 CPI Data: Why It Matters
The CPI measures the average change over time in the prices paid by consumers for goods and services, serving as a primary indicator of inflation. Higher-than-expected CPI figures can lead to increased interest rates, potentially impacting risk assets like cryptocurrencies.
📈 Potential Market Reactions
Higher CPI: Could signal persistent inflation, leading to tighter monetary policies and potential downward pressure on crypto prices.
Lower CPI: May indicate easing inflation, possibly resulting in more accommodative policies and a boost to crypto markets.
