U.S. Economic Data to Shape Crypto Volatility as CPI and PPI Loom
The U.S. economic data calendar this week is shaping up to have a significant influence on the crypto market as key indicators are set to be released, triggering increased volatility and investor activity. Analysts and traders are closely monitoring inflation reports, such as the Consumer Price Index (CPI) on Wednesday and the Producer Price Index (PPI) on Thursday, as well as potential changes in the Federal Reserve’s monetary policy. These factors are expected to directly affect liquidity and price movements in major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) [1].
The Federal Reserve has emphasized its data-driven approach, with Chair Jerome Powell stating, “We will continue to make our decisions meeting by meeting,…
