Bitcoin

Litecoin

Ethereum

Memetic / PepeCoin

<h3 id="impact-of-us-cpi-data-on-bitcoin-and-crypto">Impact of US CPI Data on Bitcoin and Crypto</h3>Date of Release: 6 PM IST TodayThe much-anticipated US Consumer Price Index (CPI) data is set to be released today at 6 PM IST. This report is crucial for understanding the current inflation trends and will be closely monitored by the Federal Reserve.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/01ad468d791c4e0ea02da0526c519d0a.png" />Expected Data:<ul><li>Core CPI: Forecasted to rise by 0.30% in April, potentially lowering the 12-month rate to 3.6% from 3.8% in March.</li><li>Headline CPI: Projected to climb by 0.37% in April, which could decrease the 12-month rate to 3.4% from 3.5% in March.</li></ul><h3 id="anticipated-market-impact">Anticipated Market Impact</h3>The release of this data is expected to cause high volatility in the Bitcoin and cryptocurrency markets. Traders and investors should be cautious and avoid overleveraging or entering positions without a well-thought-out plan. The CPI data significantly influences the Federal Reserve&#39;s policy decisions, which in turn affect market movements.<h3 id="predictions-and-insights">Predictions and Insights</h3>Previous CPI Data: 3.5% Y/YCurrent Estimate: 3.4% Y/YAs the market braces for this critical data release, it&#39;s essential to stay informed and prepared. Ensure you have a strategy in place and be mindful of the potential market turbulence.Stay tuned for the latest updates and share this information to help others stay informed.Like and Share this article to spread the knowledgeJoin X: https://twitter.com/CryptoPatelJoin Telegram for Real-time Analysis: https://t.me/OfficialCryptoPatel #crypto #Bitcoin #BTC #CPI #FOMC

US CPI Data Release Today: What It Means for Bitcoin and Crypto Investors

Table of Contents

Crypto Patel

Other articles published on May 15, 2024

Spot Bitcoin ETFs See $100M Inflows On Wednesday Amid Institutional Adoption

El Salvador Boosts Bitcoin Reserves Using Volcanic Geothermal Energy

Hackers Exploit Sonne Finance in Major Attack

FLOKI Secures Bullish Listing on Binance Thailand Following VanEck Announcement Amidst FLOKI Toke...

Mike Novogratz Predicts Bitcoin’s Future

MetaMask Smart Transactions: Boosting Success Rates, Lowering Costs

Join our free newsletter for daily crypto updates!