Big Day For The Crypto Market đšđš
The US #CPI data will be released today at 6:00 PM IST.
âą Expectations: 2.6%
Right now, the market is predicting a 35% probability of a 50BPS rate cut.
†If CPI < 2.6%, it will be bullish, and 50BPS rate cut chances will go up.
†If CPI > 2.6%, a dump could happen, and 25BPS rate cut chances will go up.
#CryptoMarketUpdate #BitcoinMarket #CPIdata #RateCutExpectations
