The crypto market is in caution mode today as investors await the release of the U.S. Consumer Price Index (CPI) report – a key indicator of inflation. The data will shape expectations for the Federal Reserve’s next interest rate decision.
A higher-than-expected CPI could signal persistent inflation, increasing the chances of rate hikes and putting pressure on risk assets like Bitcoin (BTC), Ethereum (ETH), and altcoins. On the flip side, a lower CPI reading could boost investor confidence, triggering a potential crypto rally.
Currently, BTC is trading just under $60K, while ETH holds above $4,300. Traders are bracing for high volatility in the next 24 hours, with analysts warning of sudden price swings once the CPI numbers drop.
Key takeaway: CPI day = watch the charts, manage risk, and be ready for big moves!
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