#CryptoCPIWatch Inflation data moves crypto markets and BTC reacts swiftly
Cryptocurrency investors are eagerly awaiting the U.S. Consumer Price Index (CPI) data, as it has a direct impact on interest rate expectations and market trends. In this context, the BTCUSDT pair is reacting sensitively to any surprises in inflation figures. An unexpected rise in CPI could rekindle fears of tightening monetary policy, leading to selling pressure on risky assets like cryptocurrencies. Conversely, if the figures come in below expectations, it could spark a new upward wave, pushing Bitcoin to break through the $100,000 barrier. Currently, BTC is trading relatively steadily above $98,500, awaiting a clear signal from the upcoming economic data.
