💥BTC market this week is mainly volatile!

1. CPI data

Beijing time: 20:30 on June 12, 2024 Expected value:

The overall CPI year-on-year increase is expected to be 3.4%, and the month-on-month increase is expected to be 0.1%

Impact on the currency circle: CPI data is an important indicator of the US inflation level. If it is lower than expected, the Federal Reserve is likely to cut interest rates this year. This loose interest rate policy is more favorable to risky assets such as the currency circle, and the currency circle is likely to rise.

If the data is higher than expected, the interest rate cut will be delayed. If the interest rate is cut blindly, it may trigger domestic inflation. This tightening policy will have a very adverse impact on the cryptocurrency market.

2. Federal Reserve interest rate decision

Release time: 2 am on June 13, 2024, Beijing time Expected: The market generally expects the Federal Reserve to keep interest rates unchanged

Forecasts for future interest rates and Powell's press conference: If the Federal Reserve predicts a decrease in the number of interest rate cuts in the future, it may reduce the market's expectations for loose monetary policy, which is unfavorable to risky assets such as cryptocurrencies.

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