$BTC $ETH $XRP #bitcoinnewsupdate Bitcoin price concerns at $115,000 as market fears grow ahead of U.S. CPI report

Bitcoin (BTC) traders have taken protective measures to shield their assets from a downturn ahead of the release of U.S. inflation data.

It is expected that the U.S. Consumer Price Index (CPI) report will show that annual inflation in July has reached 2.8%, slightly higher than June’s 2.7%. On a monthly basis, prices are expected to rise 0.2%, down from the previous month’s 0.3%.

The report is also forecasted to show a 0.3% increase in core CPI, which excludes volatile food and energy prices.

Analysts warn that if inflation turns out higher than expected, it could negatively impact the chances of the U.S. Federal Reserve cutting interest rates, which in turn could lead to a decline in risk assets, including Bitcoin.

Currently, the market’s focus is on this report, as softer inflation data could boost the chances of the Fed cutting rates in September — a positive sign for risk assets.

According to Singapore-based QCP Capital, some traders have increased their purchases of short-term Bitcoin put options in the $115,000–$118,000 range to protect against possible price declines. Put options give buyers protection from falling prices.

At the same time, short call positions are also being covered, indicating traders are concerned about potential upside risks as well. Bitcoin is currently trading near $118,525.

Bitcoin and other cryptocurrencies remain caught in a period of high uncertainty due to global financial market volatility and the effects of U.S. economic policy. Investors will continue to closely monitor inflation data and Federal Reserve decisions, as these factors could determine the direction of the crypto market in the coming days.