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 <p>The annual inflation data coming in hotter than last month’s 3% gives room for the US Federal Reserve to remain hawkish. The stock and crypto markets will have to wait a few more months for a pivot.</p>  
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 <p>JP Morgan predicted a <a rel="noopener noreferrer nofollow" title="CPI" href="https://thebittimes.com/tag/cpi.html">CPI</a> inflation of 3.4%. Whereas, other Wall Street giants such as Goldman Sachs, Barclays, HSBC, and UBS estimated 3.2%. BMO, Bloomberg, Citigroup, Credit Suisse, Morgan Stanley, and Visa forecasted inflation to come in line at 3.3%.</p> 
 <p>The headline inflation falling below 3% could have brought further upside move in the stocks and crypto markets. In fact, the CME FedWatchTool now shows an 86.5% probability of the Fed keeping the Federal target rate steady at the upcoming Federal Open Market Committee (FOMC) meeting in September 2023. The US Dollar Index (DXY) fell 0.63% to 101.78 and expect to continue falling.</p> 
 <p><strong>Read More: Bitcoin Price Prediction – A Risky Run-Up To Key US <a rel="noopener noreferrer nofollow" title="CPI" href="https://thebittimes.com/tag/cpi.html">CPI</a> Data?</strong></p>  
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 <h2 id="bitcoin-and-ethereum-price-to-fall-after-a-rel-noopener-noreferrer-nofollow-title-cpi-href-https-thebittimes-com-tag-cpi-html-cpi-a">Bitcoin and Ethereum Price to Fall After <a rel="noopener noreferrer nofollow" title="CPI" href="https://thebittimes.com/tag/cpi.html">CPI</a>?</h2>  
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 <p>Traders are looking for Bitcoin and Ethereum to surpass key psychological levels of $30k and $2000, respectively. However, crypto prices continue to remain under pressure.</p> 
 <p>BTC price fell more than 1% in the last 24 hours, with the price currently trading near $29,500. With inflation coming in less than expected a small uptick is expected. Analysts expect BTC price to rise to an earlier expected level of $35k, but volatility can be expected.</p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">BREAKING: <a rel="noopener noreferrer nofollow" title="CPI" href="https://thebittimes.com/tag/cpi.html">CPI</a> expectations 3.3%, reality is that we hit 3.2%.</p> 
  <p>Core <a rel="noopener noreferrer nofollow" title="CPI" href="https://thebittimes.com/tag/cpi.html">CPI</a> 4.7% instead of 4.8% expected. </p> 
  <p>Unemployment claims also rallying to 248K.</p> 
  <p>This means, no fear, but continuation. </p> 
  <p>I'm buying. #bitcoin</p> 
  <p>— Michaël van de Poppe (@CryptoMichNL) August 10, 2023</p> 
 </blockquote> 
 <p></p> 
 <p>Meanwhile,&nbsp;Ethereum price is trading above $1850, down 0.5% in the past 24 hours. Bitcoin and Ethereum trading volume remains low for weeks amid a lack of volatility.</p> 
 <p><strong>Also Read:</strong></p> 
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  <li>Lawyer Says US SEC Challenging XRP ODL Sales Is A Big Concern For Ripple</li> 
  <li>FTX Creditors And Debtors’ Latest Dispute Overshadows Reorganization Plan</li> 
 </ul> 
</div>

US CPI Inflation Comes In At 3.2%, Bitcoin And Ethereum Price To Rally

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