#Crypto Markets Tense Ahead of US CPI Release Today, What to Expect?

Bitcoin witnessed some pressure, and crypto markets remained volatile as US CPI data predictions remain clouded with uncertainty.

Highlights

Crypto markets remained subdued ahead of the scheduled CPI data release.

XRP bucks the trend with a small surge while Bitcoin and other altcoins remain largely subdued.

Hot CPI could stall Fed rate cut hopes and rattle crypto market but a cooler print may fuel massive rally.

The financial markets in the US were in the doldrums in April when positive Consumer Price Index (CPI) data boosted sentiments. The markets have roared back ever since with one good news after another on the Tariff front, with the US striking crucial deals with major economies like the UK and China. Ahead of the US CPI release today, the crypto market is again on the edge as most predictions seem clouded.

Today, ahead of the release of data indicating the health of our economy, Bitcoin seemed to have caught a cold foot. Following a sharp rise yesterday peaking at $105K, BTC price slumped back to $101.6K last night, and is settling at around $103.4K now. Most other crypto assets, including ETH, SOL, DOGE, have all remained subdued. However, Ripple’s XRP has shown resilience and surged by almost 2%.