#CryptoCPIWatch
CPI data for April 2025: The report is expected to show an increase of 0.3% compared to the previous month, following a decrease of 0.1% in March. Year-on-year, the inflation rate is expected to be around 2.3%, indicating a slight slowdown in the pace of inflation.
Impact on Bitcoin: Bitcoin has experienced price volatility, dropping below $102,400 due to profit-taking ahead of the inflation data release.
Future forecasts: If the CPI data comes in lower than expected, it may bolster the chances of interest rate cuts, potentially supporting Bitcoin prices. However, if the data comes in higher than expected, it could lead to selling pressure on cryptocurrencies.
