$BTC *đ„đ CRYPTO MARKET ON THE BRINK: CPI DATA AHEAD! đ*
The crypto world is buzzing with excitement as investors eagerly await the US Consumer Price Index (CPI) data release đ. Let's break it down in simple terms:
*đ What's Happening in the Market?*
Bitcoin's value recently dipped below $102,000, causing over $730 million in liquidations across crypto markets đž. This downturn is partly due to investors taking profits before the CPI data release đ€.
*đ What to Expect from CPI Data?*
The CPI data is expected to show a 2.4% annual inflation rate in April đ. If the reading is softer than expected, it could boost investor confidence and drive crypto prices up đ. On the other hand, a higher-than-expected number might strengthen the dollar and weigh on crypto prices đž.
