#CryptoCPIWatch As of May 13, 2025, the cryptocurrency market is closely monitoring the upcoming U.S. Consumer Price Index (CPI) report, a key indicator of inflation that can significantly influence market dynamics.

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📊 Current Market Snapshot

Cryptocurrency Price (USD) 24h Change Intraday High Intraday Low

Bitcoin (BTC) $104,443 +1.82% $104,836 $101,671

Ethereum (ETH) $2,685.53 +8.33% $2,705.16 $2,425.28

XRP $2.57 +1.18% $2.59 $2.43

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📉 Market Sentiment Ahead of CPI Release

Bitcoin recently dipped below $102,400 as traders engaged in profit-taking, reflecting caution ahead of the CPI data release. Altcoins also experienced declines, with some dropping up to 7%, indicating a broader market pullback influenced by macroeconomic factors. 

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🔍 CPI Expectations and Potential Impacts

The April CPI report is anticipated to show a year-over-year increase of 2.3%, slightly cooling from March’s 2.4%. Core CPI, which excludes food and energy prices, is expected at 2.8%. 

• If CPI is lower than expected (≤2.3%): This could bolster expectations for Federal Reserve rate cuts, potentially driving Bitcoin toward new all-time highs, possibly exceeding $110,000. 

• If CPI is higher than expected (>2.4%): Persistent inflation may dampen hopes for rate cuts, leading to potential market consolidation or a short-term dip in Bitcoin’s price. 

• If CPI meets expectations: Bitcoin may remain steady in the short term as investors await further economic indicators.

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📈 Technical Indicators

A bullish Moving Average Convergence Divergence (MACD) crossover has been observed on Bitcoin’s weekly chart, a signal that previously indicated significant uptrends. However, Bitcoin faces resistance at the $104,500 level, and a decisive break above $106,000 is needed to confirm a continued bullish trend.

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🧮 Alte

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