#CryptoCPIWatch

To follow the impact of Consumer Price Index (CPI) data on cryptocurrency markets.

Explanation:

CPI (Consumer Price Index):

It is a measure of inflation that shows the change in prices of goods and services purchased by consumers. When it rises, it means that prices are increasing (inflation), which may prompt central banks to raise interest rates.

Its impact on crypto:

Cryptocurrencies, such as Bitcoin and Ethereum, are significantly affected by major economic news, especially inflation data.

So if CPI data comes in higher than expected, the price of crypto may decline due to the likelihood of interest rate hikes.

And if it is lower than expected, cryptocurrency prices may rise due to expectations of easing monetary policies.