#CryptoCPIWatch Attention of the crypto market is focused on today's publication of the Consumer Price Index (CPI) data in the USA for April. The CPI is expected to be 2.4% on a year-over-year basis, which corresponds to the previous figure.

Traders are closely monitoring this data, as it may influence the future monetary policy of the Federal Reserve System. Lower than expected figures may be seen as a signal for potential easing of policies, which could positively affect risk assets, including cryptocurrencies. Conversely, higher than forecasted data could lead to a strengthening of bearish sentiments.

Volatility in the crypto market may increase after the CPI publication, as investors try to assess its impact on the future actions of the Fed and the overall economic situation.