#CryptoCPIWatch
CRYPTO ON ALERT: CPI DATA AHEAD!
The crypto market is buzzing as traders brace for the next big move — the CPI report is right around the corner.
Here’s the scoop:
Bitcoin recently dipped below $102K, triggering over $730 million in liquidations. With the CPI drop looming, many are cashing in profits early — classic pre-announcement nerves.
CPI — Why It Matters:
Markets are forecasting April’s inflation at around 2.4%.
If it comes in lower? Crypto could see a sharp rebound.
If it’s higher? Expect the dollar to gain — and crypto may take another hit.
Bitcoin’s Next Move?
Some analysts say this correction is just a breather, and BTC could be eyeing a return to $105K soon. Institutions seem confident — over 157,000 BTC have been snapped up by them this year.
What to Watch:
The CPI release could make or break the market’s next move.
BTC just fell under $102K
CPI expected at 2.4%
Short-term caution, long-term optimism
Stay tuned — things are about to get real interesting #CPIdata