#CryptoCPIWatch Attention to the crypto market is focused on today's release of consumer price index (CPI) data in the US for April. CPI is expected to be 2.4% year-over-year, which aligns with the previous figure.

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

Volatility in the crypto market may rise following the CPI release as investors attempt to assess its impact on the Fed's future actions and the overall economic situation. #CPI #CryptoMarkets #Inflation #Fed #EconomicData