#CryptoCPIWatch The Crypto CPI Watch is likely referring to the impact of Consumer Price Index (CPI) data on the cryptocurrency market. Here's what's happening ¹:
- *Bitcoin's Price Movement*: Bitcoin is holding around $80,000 amid risk-off sentiment as CPI data looms. This suggests that investors are cautious ahead of the CPI release, which could influence monetary policy and impact the cryptocurrency market.
- *CPI Data Expectation*: The CPI data is expected to provide insights into inflation trends, which can affect interest rates and, in turn, influence the cryptocurrency market. A higher-than-expected CPI reading could lead to increased volatility in the market.
Some key cryptocurrencies and their current prices are ² ³ ⁴:
- *Fidelity Crypto Industry and Digital Payments ETF (FDIG)*: $28.53
- *Rex Crypto Equity Prime Income ETF (CEPI)*: $38.76
- *Crypto Blockchain Industries SA ((link unavailable))*: €0.20
- *VanEck Crypto and Blockchain ((link unavailable))*: €7.81