Will Tonight's US CPI Figures Move Crypto?

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The US Bureau of Labor Statistics will release its February CPI report at 20:30 on Wednesday, March 12. Market expectations indicate that, although inflation eased this month, price pressures still exceeded the expectations of Federal Reserve officials. This raises concerns for financial markets, including the cryptocurrency industry, as monetary policy may tighten further.

Although the CPI is expected to cool down, this does not mean that the market is safe. Cryptocurrency investors and experts need to pay attention to macroeconomic factors that can affect the value of major cryptocurrencies such as Bitcoin or Ethereum. In this context, hedging measures need to be implemented more strictly.

However, the potential imbalance between inflation and economic growth remains a major challenge to market stability. Even a slight change in the CPI report could trigger major changes in the cryptocurrency market, changing investment trends. Therefore, investors need to be cautious and continue to closely monitor the Federal Reserve's next moves.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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