#CryptoCPIWatch

Bitcoin (BTC) has dipped below $102,400 as traders engage in profit-taking ahead of the U.S. Consumer Price Index (CPI) data release. This decline reflects market caution amid broader economic concerns.

The CPI, expected to rise 2.4% year-over-year for April, is a critical inflation measure. A higher-than-expected reading could trigger downside volatility across risk assets, including cryptocurrencies, as it may lead to fears of accelerated rate hikes by the Federal Reserve.

Conversely, if the CPI aligns with or falls below expectations, it could reinforce market confidence, potentially driving a rally in BTC and altcoins.

Investors are closely monitoring the CPI data, as it could significantly influence the Federal Reserve's monetary policy decisions and, by extension, the trajectory of the crypto market.