#CryptoCPIWatch Bitcoin (BTC) is currently trading around $102,676, experiencing a slight decline of approximately 2.5% as traders engage in profit-taking ahead of the U.S. Consumer Price Index (CPI) data release scheduled for 8:30 a.m. ET today . 

What to Expect from the CPI Report:

• Headline CPI: Expected to increase by 0.2% month-over-month, maintaining a 2.4% year-over-year rate. 

• Core CPI (excluding food and energy): Anticipated to rise by 0.3% month-over-month, holding steady at a 2.8% annual rate . 

Potential Implications for Bitcoin:

• Lower-than-Expected CPI (≤2.3%): Could bolster expectations for Federal Reserve rate cuts, potentially driving BTC above $106,000 . 

• Higher-than-Expected CPI (≥2.5%): May dampen hopes for monetary easing, possibly leading to further consolidation or a dip below $100,000.