đ Impact of US CPI Data on Bitcoin & Crypto đ
US CPI Release:Â 12:30 PM UTC Today ( 6:00 PM IST)
Inflation forecasters expect:
Core CPI: +0.30% in April (12-month rate to 3.6% from 3.8% in March)
Headline CPI: +0.37% in April (12-month rate to 3.4% from 3.5% in March)
đš Expect high volatility in #Bitcoin and #Crypto today due to the US #CPI data release.
WHAT'S YOUR PREDICTION FOR WEDNESDAY'S US CPI INFLATION REPORT?
PREVIOUS:Â 3.5% Y/Y
ESTIMATE: 3.4% Y/Y
Be careful Today, don't overleverage or force a position if you don't have a solid plan. This data significantly impacts #FED policies and market movements.