#CryptoCPIWatch

CryptoCPIWatch is related to tracking cryptocurrency market movements in relation to the Consumer Price Index (CPI) data. The CPI report, released by the US Bureau of Labor Statistics, measures inflation trends and can significantly impact financial markets, including cryptocurrencies.

Recent Crypto Market Trends:

- The global cryptocurrency market cap is around $3.46 trillion, with a 2.73% decrease from 24 hours ago.

- Bitcoin's value recently dipped below $102,000, causing over $730 million in liquidations across crypto markets.

- The crypto market is experiencing volatility, with traders being cautious ahead of the CPI data release.

Impact of CPI Data on Crypto Market:

- A softer-than-expected CPI reading could boost investor confidence and drive crypto prices up.

- A higher-than-expected CPI number might strengthen the dollar and weigh on crypto prices.

- The CPI report is expected to show a 2.4% annual inflation rate in April.

Key Crypto Prices:

Bitcoin (BTC):$103,732.00 (-0.49% in 24 hours)

Ethereum (ETH):$2,538.69 (-0.82% in 24 hours)

Other notable cryptos:Solana (SOL), Dogecoin (DOGE), and Shiba Inu (SHIB) are also being closely watched.