#CryptoRoundTableRemarks The cryptocurrency market is eagerly awaiting the US Consumer Price Index (CPI) data release, which could significantly impact market sentiment and volatility. Here's what you need to know ¹ ² ³:
- *CPI Data Expectations*: The CPI is forecast to rise at an annual rate of 2.4% in April, unchanged from March. Core CPI inflation, excluding food and energy, is expected to stay at 2.8% year-over-year.
- *Market Impact*: A softer-than-expected CPI reading could boost investor confidence and lead to rallies in cryptocurrencies, while a surprise uptick could affirm bets that the Fed will hold policy rates steady, triggering a risk-off sentiment.