At 8:30 PM tonight, the U.S. CPI data will be released. Are you ready?

In terms of market expectations, there was a so-called 'Fed mouthpiece' named Nick Timiraos who mentioned that the core CPI might rise to 3.1%, which is quite a bit higher than what most people are currently anticipating, and this is attracting considerable attention.

Impact of the data on the cryptocurrency market:

If the CPI is higher than expected, inflation pressures will be significant, and the Federal Reserve may raise interest rates. As a result, funds will be more inclined to invest in lower-risk assets, leading to capital flight from the crypto market, potentially causing a drop in cryptocurrency prices.

If the CPI is lower than expected, inflation pressures will be reduced, making interest rate hikes less likely. There will be more money in the market, and investors may be more willing to take risks, potentially bringing capital into the crypto market and driving up cryptocurrency prices.

Risk control! Risk control! Risk control!