US CPI, Japan Bond Crisis Triggers Crypto Market Volatility Today
Key Notes
- Analysts expect a 0.3% monthly CPI rise and 2.7% annual inflation, with core inflation climbing to 3.0%, raising concerns about Fed rate cuts anytime soon.
- Japan’s 30-year bond yield hit a record 3.20%, with long-term bonds losing 45% in value since 2019.
- Following BTC’s record high, long-term holders and dormant whales have started offloading, leading to $600 million in liquidations.
The broader crypto market is seeing some volatility today ahead of the US CPI data release, while Japan’s bond market crisis flashes deeper concerns.
