#CryptoCPIWatch To understand the potential impact of CPI (Consumer Price Index) on crypto, let's break it down ¹:

- *CPI and Inflation*: CPI measures inflation by tracking changes in prices of goods and services. High CPI indicates rising inflation, which can affect the crypto market.

- *Impact on Crypto*: Rising inflation (high CPI) might lead to increased interest in cryptocurrencies as a hedge against inflation, potentially driving up prices. Conversely, falling inflation (low CPI) might reduce interest in cryptocurrencies, potentially leading to price drops.

*Current Crypto Market*:

- *Market Cap*: The global cryptocurrency market cap is $3.45 trillion, with a 2.9% change in the last 24 hours.

- *Bitcoin Dominance*: Bitcoin's dominance is at 59.6%, while Ethereum's dominance is at 8.84%.

- *Top Gainers*: Polkadot Ecosystem and XRP Ledger Ecosystem are currently leading the gains in the crypto industry.

*Key Crypto Prices*:

- *Bitcoin (BTC)*: $103,661, with a 0.6% change in the last 24 hours.

- *Ethereum (ETH)*: $2,527.90, with a 1.1% change in the last 24 hours.

- *Other notable cryptos*: Dogecoin (DOGE) is up 6.2% in 24 hours, while Shiba Inu (SHIB) is up 6.5%.

Keep an eye on these metrics to better understand the crypto market's response to CPI changes. Would you like more information on CPI's impact on crypto or specific cryptocurrency trends?