The US Federal Reserve will release new inflation data today
Expert Alex Krueger explained how the digital asset market will react to this
He described two options – with high and low CPI
Today the US Federal Reserve will present new data on inflation. Traditionally, every meeting, statement or decision of American regulators affects the entire asset market. Including the crypto segment. For example, one of the reasons for the “January” recession is cited as the Fed’s policy on interest rates.
Two scenarios for the future
Economist and crypto trader Alex Kruger said that the latest consumer price index (CPI) data will determine the next phase of the cryptocurrency market cycle.
“We’ll have US inflation data on Wednesday … If CPI declines, expect the rate to rise and will continue to grow in the future. If CPI rises, then BTC will fall to 30 10 dollars. Tradfi [традиционные финансы] will take care of that.
[…] Cryptocurrencies will follow bitcoins and bitcoins will follow stocks. ”
“If the Fed is going to fight, then definitely, Houston, we have problems”
By the way, just yesterday we had a stream about why the market continues to fall. We offer you to watch:
Why does the market keep falling? What to expect next?