#CryptoCPIWatch

#CryptoCPIWatch refers to the anticipation of the cryptocurrency market for the US Consumer Price Index (CPI) data, which significantly impacts the prices of cryptocurrencies like Bitcoin and Ethereum.

Bitcoin has dropped to around $103,500, and Ethereum to $2,480, due to caution and profit-taking ahead of the data release.

April's data is expected to show a decrease in inflation from 2.8% to 2.4%, which could support the market if the prediction holds true.

CPI data affects the Federal Reserve's decisions regarding interest rates, and consequently the crypto market.

Investors are awaiting the data release today at 08:30 AM New York time.