It seems that *the Consumer Price Index (CPI) and its impact on cryptocurrencies* has become a hot topic in the markets today! 📊

*Key updates on CPI and its effect on cryptocurrencies:*

🔹 *CPI report for April* was released today, showing an annual inflation rate of *2.4%*, which matches market expectations, while *core inflation remained at 2.8%* ⁽¹⁾.

🔹 *Bitcoin (BTC)* experienced significant volatility, dropping to *$102,000* after massive liquidations exceeding *$730 million* in the market⁽²⁾.

🔹 *Altcoins* began to rise after Bitcoin's dominance fell to *63%*, indicating a shift of investors towards other digital assets⁽¹⁾.

🔹 *Future outlook:* If inflation continues to decline, this could push the *Federal Reserve* to ease monetary policy, potentially serving as a bullish catalyst for cryptocurrencies⁽³⁾.

*Which cryptocurrencies are investors watching?*

- *Ethereum (ETH):* rose to *$2,500* after breaking a key resistance⁽⁴⁾.

- *Solana (SOL):* recorded a *22%* gain over the past week, boosting optimism about the altcoin season⁽⁵⁾.

- *Dogecoin (DOGE):* saw a *15%* increase amid massive moves from large investors (whales)⁽⁶⁾.