#CryptoCPIWatch The Consumer Price Index (CPI) report for the U.S. for April, published today, May 13, revealed a monthly increase of 0.2%, placing the annual inflation at 2.3%, a slight decrease from 2.4% in March.
📉 In reaction, Bitcoin (BTC) fell below $102,400 USD, while several altcoins recorded declines of up to 7%, reflecting market caution regarding potential changes in the Federal Reserve's monetary policy.
📈 However, some analysts view this data as a positive sign that could push BTC toward new all-time highs if inflation continues to moderate.
💬 Do you consider this CPI report to be the catalyst that the crypto market needed? Or do you anticipate more volatility in the short term? Share your analysis!