The Consumer Price Index (CPI) data in the United States is closely monitored, as it has a significant impact on the cryptocurrency markets. Rising inflation, reflected by an increase in the Consumer Price Index, is viewed as a potential negative factor for cryptocurrencies as it may prompt central banks to adopt tighter monetary policies. Conversely, a decrease in inflation may be seen as positive. Investors and traders are awaiting this data to analyze potential trends and make informed decisions in the volatile cryptocurrency market.