#CryptoCPIWatch is a trending hashtag that encapsulates the cryptocurrency market's heightened attention to U.S. inflation data, particularly the Consumer Price Index (CPI) reports. These reports are pivotal as they influence investor sentiment and can lead to significant price movements in digital assets like Bitcoin and altcoins.
📉 Market Snapshot – May 13, 2025
Bitcoin (BTC): Recently dipped below $102,400, marking a 3% decline from its peak of $105,700. This pullback is attributed to profit-taking and cautious trading ahead of the CPI release.
Altcoins: Major altcoins have experienced declines of up to 7%, reflecting the broader market's risk-off sentiment in anticipation of the inflation data.