#CryptoCPIWatch
The tag #CryptoCPIWatch monitors the impact of U.S. inflation data (CPI) on the cryptocurrency market.
Report Summary:
Annual inflation in America: 2.4% (in line with expectations).
Core inflation: 3.2% (slight decrease).
This supports the likelihood of a rate cut by the Federal Reserve later.
Impact on cryptocurrencies:
Bitcoin fell to $102,540.
Ethereum fell to $2,450.
The market is cautious despite the data meeting expectations.
Technical Indicators:
Bitcoin shows a potential technical rise but faces resistance at $106,000.
Ethereum is in a state of consolidation.
Upcoming Factors:
Interest rate decisions from the U.S. central bank.
Global trade relations, especially between America and China.
