๐ฅ๐๐ถ๐ด ๐ ๐ผ๐๐ฒ๐ ๐๐ต๐ฒ๐ฎ๐ฑ ๐ณ๐ผ๐ฟ ๐๐ฟ๐๐ฝ๐๐ผ: ๐จ๐ฆ ๐๐ฃ๐ ๐๐ฎ๐๐ฎ ๐๐ผ๐๐น๐ฑ ๐ฆ๐ต๐ฎ๐ธ๐ฒ ๐จ๐ฝ ๐๐ต๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐๐ฅ
The upcoming US Consumer Price Index (CPI) report is set to drop soon, and it could trigger major shifts in the crypto market. With so much at stake, this data release might be the key factor in determining where crypto prices head next.
Current sentiment: There's a 35% chance the market expects a 50 basis point rate cut.
What to watch for:
Lower than expected CPI: If inflation comes in lower than predicted, the Fed might cut interest rates sooner, sparking a potential rally in crypto.
Higher than expected CPI: If inflation is higher than anticipated, the Fed may keep rates elevated for longer, which could push crypto prices down as investors seek safer assets.
Stay tunedโthis could be a game-changing week for crypto. DYOR!
