#CryptoCPIWatch 🧐 #CryptoCPIWatch: Why is the CPI so important for the crypto market?
If you follow the world of cryptocurrencies, you may have noticed a curious trend: with each new release of the CPI (Consumer Price Index), the crypto market reacts — and sometimes, quite intensely. But why does this happen? And what should you, as an investor or crypto enthusiast, pay attention to in this data?
📉 CPI: the thermometer of inflation
The CPI is one of the main metrics that the U.S. government uses to measure inflation. It reflects the average change in prices of goods and services that consumers pay over time.
For the traditional market, it's essential data. For the crypto market? It's almost a warning of imminent volatility.