CPI DATA RELEASED #BTC☀
CPI data got released today at 8:30am ET and because of this BTC dropped 2% making the alts drop 10%+
WHY THIS HAPPENED? 🔴
All this happened because inflation rises by 3% in CPI data released today which made the market crash. While Trump wants to cut interest rates and instructs that we should lower interest rates.
IMPACT ON CRYPTO? 📈📉
If interest rates get lower then we can see a bullish momentum in crypto as more investment will flow towards cryptocurrencies like BTC, ETH, SOL etc.
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