40 Impact of US CPI Data on Bitcoin and CryptoDate of Release: 6 PM IST TodayThe much-anticipated US CPI Data is set to be released today at 6 PM IST. This report is crucial for understanding current inflation trends and will be closely monitored by the Federal Reserve. Investors are particularly interested in how this economic indicator might affect Bitcoin and Crypto markets. Historically, higher-than-expected CPI numbers have triggered increased market volatility, and many analysts believe this release could have a direct bitcoin impact depending on how it aligns with inflation expectations.Expected Data:Core CPI: Forecasted to rise by 0.30% in April, potentially lowering the 12-month rate to 3.6% from 3.8% in March.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.Anticipated Market ImpactAnticipated Market ImpactThe release of the US CPI Data is expected to trigger high volatility across the Bitcoin and Crypto markets. Traders and investors should approach the market with caution, avoiding overleveraging or entering positions without a clear strategy. Since the US CPI Data plays a key role in shaping the Federal Reserve’s monetary policy decisions, its outcome could have a direct bitcoin impact, influencing price trends and overall market sentiment.Read More News: Notcoin Launching Day | Riding the FTM/USDT Bullish Wave | Sam Bankman-Fried Appeals 25-Year Prison SentencePredictions and InsightsPrevious CPI Data: 3.5% Y/YCurrent Estimate: 3.4% Y/YAs the market braces for this critical data release, it’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 knowledge.Join X: https://twitter.com/CryptoPatel Join Telegram for Real-time Updates: https://t.me/OfficialCryptoPatel
