#CryptoCPIWatch Today all eyes are on the CPI data that has just been released and its impact on the crypto market. CPI or Consumer Price Index is very influential as it reflects inflation in the United States, which can directly affect The Fed's decisions on interest rates. The crypto market is currently quite sensitive to macroeconomic news like this. Bitcoin and major altcoins experienced sharp price fluctuations shortly after the data was announced. If the CPI is higher than expected, it could trigger a sell-off due to expectations of an interest rate hike. However, if it is lower, it could push prices up as the market anticipates a loosening of policy. #CryptoCPIWatch