🚨 Key Data from China Tomorrow: How Will It Impact the Crypto Market? 📉
Tomorrow, February 9, important macroeconomic indicators from China will be released, which may trigger volatility in global markets.
🔥 Key Events on February 9
1️⃣ CPI y/y (Consumer Price Index):
Forecast: 0.4% vs previous 0.1%.
Impact: Rise in inflation in China → pressure on the yuan (CNY) → increased demand for BTC as a hedge.
2️⃣ PPI y/y (Producer Price Index):
Forecast: 2.2% — a signal of industrial recovery.
Risk: If data is below expectations → economic slowdown → decrease in appetite for risk assets (altcoins).
Why Is This Important for Cryptocurrencies?
China vs Dollar: Weakening CNY → strengthening DXY → short-term pressure on BTC.
Corporate capital: Chinese companies may convert funds into crypto for diversification.
Regulatory risks: The People's Bank of China may tighten capital controls → outflow of liquidity from exchanges.
Optimistic:
CPI above 0.4% → inflation fears → rise
$BTC PPI above 2.2% → recovery of demand for commodity tokens
Pessimistic:
Weak data → panic in stock markets → sell-off
$ETH and
$SOL .
🚨 Hashtags:
#china #cpi #PPI #bitcoin #crypto