#CryptoCPIWatch

The #CryptoCPIWatch is abuzz with anticipation as the US inflation report (CPI) is set to be released today at 15:30. The inflation rate is expected to be 2.4%, the same as in March. Here are the possible scenarios:

- CPI above 2.4%: This will likely be negative for markets in the short term, potentially delaying interest rate cuts, which is bad for risk assets like cryptocurrencies ¹.

- CPI at 2.4%: The market is likely to rise as the overall bullish sentiment remains.

- CPI below 2.4%: This is the best-case scenario, which could drive Bitcoin and altcoins higher, increasing the likelihood of a rate cut this year.

Crypto investors are watching the inflation data closely, as it will impact the Federal Reserve's policy outlook, the US dollar, and risk assets like cryptocurrencies.