The crypto market is preparing to receive the US Consumer Price Index (CPI) inflation data, which could significantly impact the US Federal Reserve’s plans to cut interest rates. The latest employment data showed a slowdown in the labor market, which boosted optimism in the markets and raised hopes about the possibility of cutting interest rates. It is worth noting that Bitcoin temporarily surpassed the $100,000 level after the release of the employment data, but it returned to fall below the $100,000 level again.

The movement of digital currencies on a weekly basis is still bearish. Bitcoin is now trading at $96.4 thousand, down 2.8% in the previous week. The most violent decline was in Ethereum, which lost 13.9% of its value last week and is trading at $2,656.78.

There are expectations of a severe correction in 2025.. This is #1000CHEEMS&TSTOnBinance