Will the US CPI data tonight cause a stir? Will the market shake up?
Family! Tonight's "big bomb" in the cryptocurrency market is about to explode—the US July CPI data. This data directly impacts the Fed's next move and could shake up the cryptocurrency market in a matter of minutes!
Let me highlight the key points:
July end-of-year seasonally adjusted CPI rate: Expected: 2.7%, previous value: 2.8%. If the actual data rises, it means inflation hasn't fallen much. The Fed may continue its hawkish stance, strengthening the US dollar, and the cryptocurrency market will be hit hard. Major currencies like Bitcoin and Ethereum will likely plummet. However, if the data falls short of expectations and "dovish" expectations grow, funds will flock to the cryptocurrency market, and the market will take off! Seasonally adjusted monthly CPI rate: Expected: 0.3%, previous value: 0.2%. The monthly rate reflects short-term inflation changes. If it rises above expectations, it will also fuel expectations of a Fed rate hike, leading to even more volatility in the cryptocurrency market!
Why is this data said to "rock the cryptocurrency world"? Because the Federal Reserve's monetary policy directly controls global capital flows! Raising interest rates drains market liquidity, and the cryptocurrency market, driven by capital, will undoubtedly be impacted. Lowering or slowing rate hikes will drive capital to high-yield markets, making the cryptocurrency world a hot commodity.
I've set my alarm for tonight's data release (note the time difference, don't miss any key milestones!) to be the first to break it down for you: Will the data exceed expectations, fall short of expectations, or meet expectations? What will be the impact on Fed policy? Will the cryptocurrency market rise or fall? Should I buy the dip, sell the top, or wait and see?
The biggest fear in cryptocurrency trading is being caught in the dark and misjudging market fluctuations! Follow me to understand the "link" between CPI data and cryptocurrency market trends, and you'll be able to navigate the market with confidence no matter what data bombards you. Click to follow us now to witness the cryptocurrency market's volatility tonight and make money by following the trend!
