$BTC #CryptoCPIWatch
๐จ CRYPTO ON EDGE: CPI DATA INCOMING! ๐จ
Tension is rising in the crypto market as traders brace for the release of the latest U.S. Consumer Price Index (CPI) data. Hereโs whatโs going on:
๐ Market Overview
Bitcoin slipped below $102,000, triggering massive liquidations worth over $730 million across crypto exchanges. Much of the sell-off is driven by cautious profit-taking ahead of the CPI announcement.
๐ Whatโs Expected from CPI?
Forecasts point to a 2.4% annual inflation rate for April. A lower number could inject fresh optimism into the market, fueling a price rebound. A higher figure might strengthen the dollar and push crypto prices lower.
๐ฅ Possible Market Reaction
Despite the dip, analysts suggest this correction might be laying the groundwork for a potential bounce to $105,000. Meanwhile, institutional appetite remains strongโover 157,000 BTC scooped up in 2025 alone.
โณ What's Next?
All eyes are on the CPI release. Will it trigger a breakout or deepen the dip? The next move could be decisive.
Quick Recap:
Bitcoin drops under $102K
CPI expected at 2.4%
Market cautious, but BTC demand strong
High volatility expected post-report
Stick around for real-time updates as this story unfolds!
