#CryptoCPIWatch
*Today's CPI Forecast*
At 15:30, the US inflation report (CPI) is released. The inflation rate is expected to be 2.4%, the same as in March.
*Possible Scenarios:*
CPI above 2.4%: Negative for markets in the short term. Higher inflation could delay interest rate cuts, bad for risk assets.
CPI at 2.4%: Market likely to rise with overall bullish sentiment remaining.
CPI below 2.4%: Best-case scenario, driving Bitcoin and Altcoins higher. Lower inflation increases likelihood of a rate cut this year.
