Today, the market will pay close attention to the release of the US CPI data for May, which will directly affect the market's expectations of the direction of the Fed's monetary policy. If the CPI data exceeds expectations, it may trigger market concerns about the Fed's further tightening of monetary policy, leading to capital outflows from the crypto market and price declines; on the contrary, if the CPI data is in line with expectations or lower than expectations, it may enhance the market's confidence in the Fed's continued interest rate cuts and push up cryptocurrency prices. Investors need to pay close attention to the market reaction after the release of CPI data and adjust their investment strategies in a timely manner. From historical data, there is a certain correlation between CPI data and the trend of the crypto market. When CPI data is higher than expected, the crypto market often faces greater downward pressure, while when CPI data is lower than expected, the crypto market may usher in an opportunity to rise.
