🔮Crypto fortune tellers, gather 'round! Bitcoin's been on a modest rally, but hold onto your hats, folks! 🎢 We've got some economic reports coming up that might just rock the boat. 📊
🔍With Bitcoin ETF buying slowing down, macro factors are stepping into the limelight. Inflation data is on the horizon, and it's gonna set the tone for the market. 📈
📅Tuesday and Wednesday are the big days. We've got the Producer Price Index (PPI) and the Consumer Price Index (CPI) coming up. The CPI is the big kahuna here, expected to rise 0.4% in April. 📝
🏦High inflation has been a party pooper for hopes of Federal Reserve rate cuts in 2024. Another fast inflation report might have traders rethinking their expectations. 💸
🛍️Wednesday also brings the U.S. retail sales report for April. Healthy consumer spending is on the cards. And let's not forget, Fed Chair Jerome Powell is scheduled to speak on Tuesday. 🎙️
🎉So, what's your take on all this? Share your thoughts below! Let's get this crypto party started! 🚀 #DeFi #Web3 #Bitcoin #CryptoNews