#CryptoCPIWatch

Crypto Market Volatility Rises Ahead of US CPI Data

Volatility in the crypto market is increasing as investors await the release of the US Consumer Price Index (CPI) data. The report may influence Federal Reserve interest rate decisions and impact crypto asset valuations.

Market Movements

Bitcoin (BTC) fell 1.83% to $102,489, after reaching an intraday high of $105,525 and a low of $101,065. Ethereum (ETH) declined 2.48% to $2,453.76, trading between $2,600.58 and $2,425.28.

Inflation Expectations

April CPI is expected to show 2.4% annual inflation, though Truflation estimates it at 1.68%. Lower-than-expected data may boost hopes of rate cuts and support risk assets, including cryptocurrencies.

Liquidations and Risk Management

Over $730 million in crypto positions were liquidated in the past 24 hours—73% were long positions. This reflects cautious positioning ahead of the CPI release.

Investor Caution

Crypto trading involves high risk. Traders should monitor data closely and apply disciplined risk management.