#CryptoCPIWatch
A group closely monitors how inflation, measured by the Consumer Price Index (CPI), affects the cryptocurrency market.
With the global economy facing inflationary challenges, investors analyze this data to understand the impact on digital assets, such as Bitcoin and Ethereum, which are often used as a hedge against the loss of money's value.
The CPI is released every month and can influence the volatility of cryptocurrencies, as changes in monetary policies, such as interest rate hikes, can alter the direction of investments.
It is always good to keep an eye out whenever these results are released.