Get ready for a wild ride in the crypto world! All eyes are on the USA because some big news could shake things up for Bitcoin and other digital currencies.

On Tuesday, May 14, we'll see the Producer Price Index (PPI) data drop at 3:30 PM GMT, with expectations around 2.2%. Then, at 5:00 PM GMT, Jerome Powell, the big cheese at the Federal Reserve, will speak, and what he says could really shake things up.

The drama continues on Wednesday, May 15, when the Consumer Price Index (CPI) data comes out at 3:30 PM GMT, expected to be around 3.4%.

If the PPI and CPI data are lower than expected and Powell plays it cool, crypto could shoot up. But if things go the other way, Bitcoin might take a dive below $60,000.

Ted, a famous crypto trader, thinks it's going to be a bumpy ride, but if inflation slows down like people think it will, that could actually be good news for Bitcoin and other risky investments. 🚀