Bitcoin traders are increasingly seeking downside protection as they brace for the U.S. Consumer Price Index (CPI) report, which may indicate the immediate effect of President Donald $TRUMP
trade tariffs on consumer prices.
The CPI is expected to show a year-on-year increase of 2.8% in July, up from 2.7% in June, and a monthly rise of around 0.2%.
A hotter-than-expected CPI could reduce optimism around Federal Reserve rate cuts and negatively impact risk assets—including Bitcoin.
