#CryptoCPIWatch
Bitcoin ($BTC ) has dipped below $102,400 amid profit-taking ahead of the upcoming U.S. Consumer Price Index (CPI) release. This cautious sentiment is shared across the crypto market, with major Altcoins experiencing declines of up to 7% .
A lower-than-expected CPI reading may bolster expectations for interest rate cuts, potentially providing a boost to risk assets like cryptocurrency. Conversely, a higher CPI could reinforce concerns about persistent inflation, possibly leading to market volatility.
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Meanwhile, Binance Coin ($BNB ) is trading at $649.51, reflecting a modest decline of 1.72% . Investors are advised to stay informed and exercise caution as the market reacts to the forthcoming economic data.