#CryptoCPIWatch

Today, the cryptocurrency markets witnessed a state of cautious anticipation with the release of the Consumer Price Index (CPI) data, which is one of the most important economic indicators that measures inflation rates and illustrates changes in the prices of goods and services.

In light of this data, Bitcoin (BTC) recorded a decline of -2.67%, amid fears of rising inflation rates and their impact on liquidity and investments in digital assets.

Investors have increasingly relied on #CryptoCPIWatch to track inflation movements, as any reading above expectations indicates pressure on the markets, while lower figures may give cryptocurrencies a chance to recover.

The impact of inflation is not limited to traditional markets only, but it has also become a key factor in determining investors' trends towards digital currencies, whether buying as a hedge or exiting to avoid risks.

Do you think inflation is still the biggest threat to the cryptocurrency market? Or are there other factors driving the volatility?

Share your analysis with us.