#CryptoCPIWatch Today is a day to keep an eye on the CPI (Consumer Price Index) in the U.S.! This indicator measures inflation and directly influences the Fed's decisions on interest rates. And what does this have to do with cryptocurrencies?
Everything. When inflation rises, the market fears an increase in interest rates, which can reduce the appetite for risk assets like Bitcoin. On the other hand, if the CPI comes in lower than expected, we may see a rise in cryptocurrencies, as investors seek more profitable alternatives.