After yesterday’s CPI came in at 3.4% YoY, attention is now shifting to today’s US PPI report.
$BTC is still trading around the $63K–$64K area, and the PPI could bring another wave of volatility as traders look for clues about inflation and future Fed policy.
A hotter-than-expected PPI could put pressure on risk assets, while a softer number could improve sentiment across crypto.
The big question is: will PPI finally give Bitcoin the catalyst for a breakout?
$BTC is trading in a tight range as the crypto market waits for today’s US CPI data.
Inflation data could bring a strong move in Bitcoin and Ethereum, especially if the numbers change expectations around future Fed policy.
The interesting question is: will softer inflation give crypto the catalyst for a recovery, or will a hotter-than-expected CPI create another wave of selling?
I’m watching $BTC and $ETH closely today. Volatility could increase quickly after the data is released.
What do you think — bullish or bearish for Bitcoin after CPI? 👇
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