📢 Attention, to the inflation data in the U.S. this June 12 at 8:30 AM (EDT, UTC-4) 📢
This Wednesday, June 12, the Consumer Price Index (CPI) will be released in the U.S., a key indicator for measuring inflation. Why is it important for the cryptocurrency market?
🔹 High inflation = uncertainty
If the CPI shows higher inflation than expected, markets could react with increased volatility. Investors usually seek safer assets, which could affect liquidity in cryptocurrencies.
🔹 Low inflation = bullish momentum
On the other hand, if inflation is lower than anticipated, the Federal Reserve could maintain a more flexible monetary policy, benefiting risk assets like Bitcoin and altcoins.
🔹 Impact on the crypto market
Historically, inflation data has influenced the price of BTC and ETH. A high CPI could trigger massive sell-offs, while a low CPI could spark a new bullish rally.
📊 What to do?
Monitor the CPI and market reactions. Evaluate your strategy before the release. Stay informed about potential Fed movements.
This event could set the market trend for the coming weeks. Are you ready for that day? 🚀🔥
