#CryptoCPIWatch The impact of CPI on cryptocurrency
If cryptocurrency correlates with stocks, what is the impact of CPI on cryptocurrency? During times of economic stress, cryptocurrency is affected. Most recently, the pandemic and related issues have caused significant price volatility in cryptocurrency. Using CPI as an indicator, we can make informed predictions about the risks or benefits of cryptocurrency.
Cryptocurrency, like other traded assets, can be a risky investment. We can use CPI and its subcategories to identify volatility in the cryptocurrency market.