#cpiwatch ¡Attention, Investors! There's a piece of information that has everyone on edge: The Famous Consumer Price Index, or CPI, as we say on the street. And it's key because it tells us if we are spending more on the usual things.
When #CPI rises a lot, food, gasoline, and everything becomes more expensive. Central banks, to stop this, raise interest rates. And what does that mean for your Cryptos? Well, if rates go up, people take their money out of Bitcoin and things like that, to invest in safer things that yield interest.
But if the CPI goes down, things change. Maybe interest rates won't go up any further, and they might even go down. And that encourages people to invest again in cryptocurrencies and other assets that can yield higher profits.
What do you think? Will the next CPI cause cryptos to rise or fall? I look forward to your comments! Creator: @Square-Creator-SNAKE #BinanceSquareVibes

XRP
2.3539
+10.05%