Coin-Turk 18 minutes ago
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The upcoming release of Consumer Price Index (CPI) and Producer Price Index (PPI) data in the United States may significantly impact cryptocurrency markets. Recent slowdowns in the labor market have heightened expectations for interest rate cuts by the Federal Reserve. Bitcoin 
$96,147‘s brief surge above the $100,000 mark reflects the optimism surrounding these expectations.
CPI and PPI Data Under Close Observation
Economic data from the U.S. shapes market participants’ expectations regarding the Fed’s interest rate policies. A slight decrease in CPI data is anticipated, which could set the stage for a more accommodative policy from the Fed. Keeping core CPI stable could facilitate this shift.
Similarly, if the PPI data follows a comparable trend, it might encourage investors to take on more risks. However, if the data exceeds expectations, market uncertainty could reignite. Cryptocurrency investors are exercising caution, aware that this data could directly affect…
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