#CryptoCPIWatch Attention of the crypto market is focused on today's publication of data regarding the Consumer Price Index (CPI) in the USA for April. The CPI is expected to be 2.4% year-over-year, which is consistent with the previous figure.

Traders are closely monitoring this data as it may influence the future monetary policy of the Federal Reserve. Lower than expected figures may be interpreted as a signal for potential easing of policy, which could positively affect risk assets, including cryptocurrencies. Conversely, higher than forecasted data could lead to increased bearish sentiment.

Volatility in the crypto market may rise after the CPI publication as investors attempt to assess its impact on the Fed's future actions and the overall economic situation.