📢 Attention, crypto investors! 📈 Pending new data on the US Consumer Price Index (CPI), the cryptocurrency market is on edge. BTC and ETH show volatility, but the overall trend remains positive.
- BTC recovered after falling to $53,600 and is now trading at $57,084.
- ETH shows growth, trading at $3,150.
If the CPI data meets expectations, it could indicate continued progress toward the Federal Reserve's (Fed) inflation target of 2%, which could signal the start of a rate-cutting cycle this year.
Your thoughts? Let's discuss in the comments! 👇