- Zach Pandl, Grayscale’s head of research, said the rise in the U.S. August CPI could weigh on the cryptocurrency market in the short term.
- Pandl said a higher CPI means the likelihood of a Federal Reserve rate hike has increased and could act as a speed bump for the crypto market.
- He said the market’s decline is unlikely to be steep, adding that for investors who missed the August price surge, a correction could provide a new entry opportunity.
Forecast Trend Report by Period
U.S. consumer prices rose in line with market expectations in August, but Zach Pandl, Grayscale’s head of research, said inflation could still weigh on the cryptocurrency market in the short term.
On September 11, Pandl…
