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The most volatile 24 hours of May are coming, Bitcoin and altcoin prices will increase sharply if this index is lower than predicted!
Interest rates are a key factor in the investment market. The United States is maintaining a tight monetary policy and high interest rates, which limits the growth of investment products and suppresses the value of assets such as Bitcoin and Crypto.
The FED relies on the CPI (Consumer Price Index) to decide interest rates. In the past 4 months, CPI y/y has always been higher than forecasts, causing the FED to continuously delay the decision to reduce interest rates.
The CPI announcement tomorrow (May 15) will be extremely important. If the actual CPI y/y is 3.4% lower than forecast, the market could grow strongly thanks to the belief that the FED will make "bullish" announcements to the market. This is information that you need to monitor closely in the next 24 hours!