The highly anticipated US Consumer Price Index (CPI) data is set to be released today at 12:30 PM UTC ⏰. This key economic indicator could significantly impact the crypto market as it reflects inflation trends in the US economy.
💡 Current Market Expectations:
• CPI Growth: 2.3%
A higher-than-expected CPI could fuel concerns about rising inflation, possibly leading to tighter monetary policies by the Federal Reserve, which may impact crypto prices. On the other hand, a lower figure could ease inflation fears and potentially lead to a more favorable environment for risk assets like cryptocurrencies.
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