XT Research Institute: The CPI data released tonight will indirectly affect the price of Bitcoin

Odaily Odaily News: At 20:30 on June 12, the U.S. Department of Labor will announce the annual rate of the unadjusted CPI in May and the monthly rate of the seasonally adjusted CPI in May. Among them, the annual rate of the unadjusted CPI in May in the United States is more concerned by the market. XT Research Institute said that the U.S. Consumer Price Index (CPI) is an indicator of changes in the price level of a basket of goods and services, which is used to reflect inflation. CPI data directly affects the monetary policy decisions of the Federal Reserve. If the CPI data continues to show high inflation, the Federal Reserve may raise interest rates or reduce asset purchases, thereby reducing market liquidity, which may put pressure on high-risk assets including Bitcoin. The U.S. CPI data has a significant impact on the Bitcoin market through multiple channels such as inflation expectations, the value of the U.S. dollar, the Federal Reserve's policies and market sentiment. Investors need to consider these factors comprehensively to understand the short-term and long-term impacts that CPI data may have on the Bitcoin market. (Data source: Jinshi Data)