#CryptoCPIWatch
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Today’s CPI data is in—and markets are reacting. Inflation is holding steady, with core CPI slightly cooling. Traditional markets are cautiously optimistic, but in crypto, volatility is the name of the game. 📉📈
As traders process the macro signal, Bitcoin and Ethereum displayed sharp movements. A Fed that is more dovish could be suggested by lower inflation, which could be positive for crypto and other risk assets. Keep your eyes peeled because crypto is increasingly being steered by macro trends.
