#CryptoCPIWatch
Today's CPI Forecast**
At **15:30 (UTC)**, the US inflation report (CPI) will be released. The inflation rate is expected to remain steady at **2.4%**, unchanged from March.
✔️ **Potential Market Scenarios:**
🔴 **1. CPI Above 2.4%**
A higher-than-expected reading could negatively impact markets in the short term, especially after last month's disappointing data. Elevated inflation may push back Fed rate cuts, weighing on risk assets like crypto.
🟠 **2. CPI at 2.4% (As Expected)**
Markets are likely to react positively, as this aligns with forecasts and maintains the current bullish momentum.
🟢 **3. CPI Below 2.4%**
The best-case scenario for risk assets. Lower inflation increases the odds of a 2024 rate cut, potentially fueling rallies in **#Bitcoin ** and **#altcoins **.
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**Market Watch**
- **$BTC**: $103,900.48 (+0.81%)
