THE CRYPTO MARKET IS EAGERLY WAITING FOR CPI RELEASE WITH POSITIVE ANTICIPATION ✍️

The crypto market is bracing for the upcoming US Consumer Price Index (CPI) inflation data, which could significantly impact the Federal Reserve’s rate cut plans.

The recent US job data, which indicated a cooling labor market, has fueled market optimism and sparked hopes of a potential rate cut. Notably, Bitcoin briefly surpassed the $100,000 mark following the job data release, reflecting the market’s positive sentiment.

Now, the market watchers eagerly await the crucial events this week, which could provide further clarity on the Fed’s future monetary policy decisions.