#CPI&JoblessClaimsWatch Key data for the markets! 🔥📊

Today the reports on Inflation (CPI) and Jobless Claims were released in the U.S. 🇺🇸, two indicators closely followed by traders and investors 📈.

👉 What does this mean?

The CPI (Consumer Price Index) shows us how the prices of goods are rising or falling 💸, while Jobless Claims indicate how many people applied for unemployment benefits last week 🏢👩‍💼.

📉 If inflation rises more than expected ➡️ there could be changes in interest rates by the Federal Reserve (and that impacts everything! 🌍).

📈 If jobless claims decrease ➡️ it's a good sign for the strength of the labor market.

💥 But, how does this impact the crypto world?

Although Bitcoin (BTC) and Ethereum (ETH) dominate the headlines, let's not forget that lesser-known cryptocurrencies can react in interesting ways. 🌐🚀