HOW CPI DATA AFFECTS CRYPTO PRICES????????
đ¶ïžThe CPI data shows that inflation is rising, investors may move their money into cryptocurrencies as a hedge against inflation. This can cause the price of cryptocurrencies to rise.
đ¶ïžConversely, if the CPI data shows that inflation is falling, investors may move their money out of cryptocurrencies and into other assets, such as stocks or bonds. This can cause the price of cryptocurrencies to fall.
đ¶ïžThe relationship between the CPI data and the cryptocurrency market is not always straightforward. There are a number of other factors that can also affect the price of cryptocurrencies, such as news about regulation, technological developments, and investor sentiment.
