#CryptoCPIWatch Today, global crypto market participants are awaiting the Consumer Price Index (CPI) data from the United States, which will be released in the coming hours. This data is of particular interest as it could provide insights into the rate of inflation and the future direction of The Fed's interest rate policy. Bitcoin (BTC) and other altcoins are showing sideways movement with declining trading volumes, reflecting a wait-and-see attitude among investors.

If the CPI is released higher than expected, selling pressure could increase as investors will factor in the potential for further monetary policy tightening. Conversely, a lower CPI could be a breath of fresh air for the crypto market, encouraging new buying activity and the potential for a short-term rally. Some analysts suggest remaining vigilant for spikes in volatility immediately following the data release. The market is waiting for clarity, and each figure will serve as a signal for the next trend direction in the crypto world.