#CryptoCPIWatch The cryptocurrency market is buzzing with anticipation as investors await the US Consumer Price Index (CPI) data release, which could significantly impact market volatility. Here's what's happening ¹ ² ³:
- *CPI Data Expectations*: The Federal Reserve expects a 2.4% annual inflation rate, while Truflation reports suggest a lower rate of 1.68%. A softer CPI print could boost crypto prices, while a higher-than-expected number might strengthen the dollar and weigh on crypto prices.
- *Market Sentiment*: Bitcoin recently touched $105,700 before retreating by 3%, indicating potential profit-taking near the $106,000 resistance level. The $100,000 mark remains a critical psychological and liquidation level.
- *Institutional Demand*: Corporations have acquired over 157,000 BTC in 2025, led by MicroStrategy-style accumulation strategies. ETFs are also reinforcing Bitcoin's dominance, with $934 million in net inflows over the past month.
- *Potential Market Movements*:
- *Bullish Scenario*: A lower-than-expected CPI reading could push Bitcoin past $64,000 and Ethereum towards $3,000, with potential breakout volume spikes.
- *Bearish Scenario*: A higher-than-expected CPI could trigger a sell-off, with Bitcoin potentially dropping to $60,000.
Some key cryptocurrencies to watch are ²:
- *Bitcoin (BTC)*: Trading at $102,662.30, down 1.19% with a market capitalization of $2.16 trillion.
- *Ethereum (ETH)*: Trading at $2,453.30, down 1.90% with a 24-hour range of $2,411.59 to $2,620.90.
- *Ripple (XRP)*: Rising 4% and leading altcoin gains.
- *Cardano (ADA)*: Declined by 3%, while Solana (SOL) was down 2.8% and Binance Coin (BNB) dropped 1%.
