All Eyes on CPI: Will Crypto React?
Today’s CPI report could shake things up. Markets expect a 2.9% YoY inflation rate—slightly down from last month’s 3.0%. If the data comes in lower than expected, we might see a boost in risk assets like $BTC and $ETH. But a higher number could trigger more caution, especially with ongoing Fed rate concerns.
Add in global tensions and upcoming U.S. debt rollovers, and it's clear why the market is on edge.
At the time of writing, $BTC is hovering around $104K and $ETH just below $2.7K. Let’s see how the numbers play out.
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