#CryptoCPIWatch

📊 The U.S. Consumer Price Index (CPI) data for April 2025 is set to be released today at 8:30 AM ET. Economists anticipate a 0.2% month-over-month increase in headline CPI and a 0.3% rise in core CPI, maintaining year-over-year rates at 2.4% and 2.8%, respectively. These figures are influenced by recent tariff hikes on Chinese imports, which have begun to impact consumer prices, particularly in household furnishings. 

In the crypto market, Bitcoin (BTC) is trading at approximately $102,784, experiencing a slight decline ahead of the CPI release. A higher-than-expected CPI could lead to increased volatility, potentially pushing BTC below $61,000, while a figure at or below expectations may bolster market confidence. Traders should monitor the release closely, as it may influence Federal Reserve policy decisions and, consequently, crypto market dynamics. #BTC #Inflationdata #Binance