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Inflation: how Bitcoin and crypto will change

๐Ÿ“ˆ๐Ÿ” The upcoming week, starting Monday May 13th, is poised to be pivotal for the US economy and cryptocurrency markets alike. Here's why you should be paying attention:

๐Ÿ“Š Inflation data, particularly the CPI (Consumer Price Index), will be released on Wednesday 15th at 2:30pm Italian time. Projections suggest persistent inflation, potentially exceeding the Fed's 2% target.

๐Ÿ” Expectations:

CPI YoY: +3.4%

CPI MoM: +0.4%

Core CPI YoY (excl. food & energy): +3.8%

Core CPI MoM: +0.3%

๐Ÿ’ก While high inflation may seem concerning, anything below 5% could buoy market sentiment.

๐Ÿ’ฐ Keep in mind: Inflation plays a crucial role in Fed policy decisions. Interest rates could be swayed by these figures.

๐Ÿ“ˆ Brace for market tension and stay tuned as investors track inflation's impact on short-term trends, including in the cryptocurrency realm. #InflationData #Cryptocurrency #Bitcoin

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