#CryptoCPIWatch
Bitcoin (BTC) fell 1.83% to $102,489 in the last 24 hours. BTC, which rose as high as $105,525 during the day, fell to $101,065.
Ethereum (ETH) is trading at $2,453.76, down 2.48%. Its intraday high was $2,600.58, while its low was $2,425.28.
š§¾CPI Data and Expectations
US April CPI data will be released today. The market expectation is for annual inflation to remain stable at 2.4%. However, Truflation data shows that inflation is at 1.68%.
If the data comes in below expectations, this may strengthen expectations that the Federal Reserve may cut interest rates and increase demand for risky assets. This may trigger upward movements in crypto markets.
