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What to Expect for Bitcoin and Crypto Ahead of This Week’s Inflation Data

What to Expect for Bitcoin and Crypto Ahead of This Week’s Inflation Data

Investors are now eyeing this week’s release of January’s delayed inflation print, following a hot labor report on Wednesday that showed the economy added 130,000 new jobs for the month.

The release of fresh U.S. consumer price index data, pushed out due to the government’s partial shutdown and now expected Friday, is forecast to show a reduction from the month prior, down 0.2% from December to 2.5% year-over-year.

The inflation metric is “more important than employment data,” Derek Lim, head of research at crypto market-making firm Caladan, told Decrypt. “Lower than expected inflation would increase pressure on the Fed to cut rates sooner, which would be good for risk assets.”

Lower Fed policy rates generally…

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