#CryptoCPIWatch

Crypto markets and the inflation report

Cryptocurrency markets remain directionless ahead of the CPI update, with Bitcoin (BTC) trading around $82,185, down 25% from its peak, and Ethereum (ETH) at $1,889, marking a weekly loss of 16.2%.

Crypto investors are closely watching inflation data:

Lower inflation → Optimistic for Bitcoin and altcoins as Fed rate cuts become more likely.

Higher inflation → Pessimistic for crypto as the Fed remains restrictive, increasing the US dollar.

Current crypto market sentiment:

Bitcoin: +0.57% at $82,185

Ethereum: -1.75% at $1,889

XRP: +1.6%

Dogecoin: +2.5%

Solana, Cardano: slight declines