The financial markets are awaiting the release of the Consumer Price Index (CPI) data in the United States today, a pivotal moment not only for traditional markets but also for the cryptocurrency market.

A rise in CPI may indicate continued inflationary pressures, which could enhance the likelihood of interest rate hikes, potentially negatively impacting liquidity and investment in high-risk assets like Bitcoin and altcoins.

Conversely, a reading lower than expected may drive investors towards crypto as an alternative refuge.

The cryptocurrency market often reacts strongly to this data, so it is advised to closely monitor the results and proceed with caution.

Do you expect the upcoming CPI data to drive Bitcoin up or down?