The cryptocurrency market is bracing for a week of potential volatility as investors turn their focus toward crucial U.S. economic indicators, specifically the upcoming Consumer Price Index (CPI) and Producer Price Index (PPI) reports. Bitcoin (BTC) has recently shown heightened sensitivity to macroeconomic shifts, and this week’s data is expected to be a primary catalyst for its short-term price action. Analysts suggest that if inflation figures come in lower than consensus estimates, it could strengthen the argument for Federal Reserve interest rate cuts, providing a significant tailwind for ‘risk-on’ assets like Bitcoin and Ethereum. Conversely, a hotter-than-anticipated inflation print might reinforce the ‘higher for longer’ interest rate narrative, potentially exerting downward pressure on the broader crypto market. Currently, Bitcoin is consolidating within a critical range, with traders closely watching the $60,000 to $65,000 zone for signs of a breakout or breakdown. In addition to the macro data, market participants are also monitoring institutional inflows into spot Bitcoin ETFs, which continue to serve as a barometer for institutional sentiment. As the market awaits the official data releases, expect increased liquidations and rapid price swings as the industry recalibrates its outlook on the global economy.
Source: What to Expect for Bitcoin and Crypto Ahead of This Week’s Inflation Data
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