#CryptoCPIWatch The US Consumer Price Index (CPI) report was released today at 15:30, and the actual inflation rate came in at 2.3%, below the expected 2.4%. This is the best-case scenario for the market, especially for risk assets like Bitcoin and Altcoins, as lower-than-expected inflation increases the likelihood of interest rate cuts this year. *Market Reaction:* - The US Dollar Index dropped 0.25% to 101.53 - The market is likely to rise due to the overall bullish sentiment - Lower inflation rates can lead to increased investor confidence and higher market performance *Possible Scenarios:* - Scenario 1: CPI above 2.4% - Negative for markets in the short term, potentially delaying interest rate cuts - Scenario 2: CPI at 2.4% - Market likely to rise due to overall bullish sentiment - Scenario 3: CPI below 2.4% - Best-case scenario, driving Bitcoin and Altcoins higher due to increased likelihood of rate cuts Given the actual CPI rate of 2.3%, Scenario 3 has played out, potentially driving up the market and risk assets. Core CPI rose 2.8% year-over-year, matching March's print and analysts' estimates.ยน
#CryptoRoundTableRemarks ! ๐จ BREAKING: Major Crypto Meeting Behind Closed Doors! The U.S. Treasury is hosting a private roundtable this week with key leaders from the Bitcoin and broader crypto industry. This is huge โ it signals that the government is getting serious about crypto and wants direct dialogue with the people shaping it. Topics on the table? Likely regulation, adoption strategies, market direction, and the broader future of crypto in the U.S. The entire crypto world is watching closely to see what emerges. Itโs really happening. What do you think theyโll cover?
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