The U.S. Producer Price Index (PPI) data for April 2025 is scheduled for release today, May 15, at 8:30 AM ET (5:30 PM PKT). Market consensus anticipates a month-over-month increase of 0.3% and a year-over-year rise of 2.7%.

Leading up to this release, the cryptocurrency market has experienced heightened volatility. Bitcoin (BTC) has dipped below $102,400, and major altcoins have seen declines of up to 7%, as investors engage in profit-taking and brace for potential impacts from the inflation data. However, XRP has defied this trend, registering a 2.57% increase and maintaining its position above the $2.50 mark.

If the PPI data comes in higher than expected, indicating persistent inflation, it could lead to concerns about tighter Federal Reserve policies, potentially exerting downward pressure on risk assets like cryptocurrencies. Conversely, a softer PPI reading might bolster expectations for interest rate cuts, possibly providing a boost to the crypto market.

Additionally, Federal Reserve Chair Jerome Powell is scheduled to speak later today, and his remarks could further influence market dynamics.

Given these developments, market participants are advised to stay informed and exercise caution, as the interplay between inflation data and monetary policy continues to shape the crypto landscape.

KHALID JAVED