📉 Market Reaction Before CPI Release
$BTC ,$XRP , and $Dogecoin all slipped as traders moved into wait-and-see mode ahead of the U.S. Consumer Price Index (CPI) inflation report. Bitcoin dropped about 2% and dipped below key support near $86,000, while XRP and Dogecoin also saw notable losses in a broader risk-off shift across crypto markets.
📊 Why Prices Are Falling
• Investor caution ahead of inflation data: With the CPI report due, traders reduced exposure to risk assets, anticipating that inflation figures could shape Federal Reserve policy and future interest rates — a key driver for crypto sentiment.
• Market “exhaustion”: Analysts note the market looked tired with limited fresh buying, meaning even modest negative catalysts can push prices lower in uncertain conditions.
• Weak technical momentum: Bitcoin’s failure to firm above resistance levels contributed to increased selling pressure, while Dogecoin’s technical structure showed growing bearish indicators and waning demand.
📉 Latest Price Moves (Approx)
• Bitcoin (BTC): Down ~2% near $86k — traders watching if key supports hold.
• XRP: Declined alongside other altcoins as sentiment weakened.
• Dogecoin (DOGE): Fell ~4–5%, with bearish setups suggesting potential pressure toward lower technical levels.
📌 Bottom Line:
The crypto market is digesting macroeconomic uncertainty as traders brace for the CPI inflation reading — a report that could influence Fed rate expectations and risk appetite. This has led to short-term weakness in Bitcoin, XRP, and Dogecoin ahead of the data release.
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