📊 CPI Report Highlights
Headline CPI: 2.3% year-over-year, below the expected 2.4%—marking the lowest annual increase since February 2021.
Core CPI (excluding food and energy): 2.8% YoY, aligning with analysts' forecasts. Coinpedia Fintech
📉 Market Reaction
Bitcoin $BTC
Dropped below $102,000 amid profit-taking ahead of the CPI release.
Trading at approximately $1,889, reflecting a 16.2% weekly loss. Business
Altcoins $ALT
Experienced declines up to 7% as market sentiment turned cautious.
🔮 Implications for Crypto
Bullish Scenario: The lower-than-expected CPI increases the likelihood of the Federal Reserve considering interest rate cuts, potentially boosting risk assets like cryptocurrencies.
Market Sentiment: Despite the positive CPI data, the crypto market remains volatile, with investors closely monitoring macroeconomic indicators and Federal Reserve signals.
Stay tuned to #CryptoCPIWatch for real-time updates and in-depth analysis as the market continues to respond to evolving economic data.