US CPI and Core CPI DATA Will Drop Next Tuesday: Expect Major Volatility

Key Points

1. The crypto market surged last week as Bitcoin hit a new all-time high and top altcoins saw massive gains.

2. US CPI and Core CPI data, due next Tuesday, will influence market movements based on the outcome of the reports.

3. CPI and Core CPI data reflect consumer prices and affect currency valuation, with the Federal Reserve relying on these metrics.

4. A CPI or Core CPI figure higher than the forecast (0.3%) typically favors the US dollar, drawing attention from economic analysts.

5. The market is closely watching the Fed's reports to gauge potential impacts on crypto assets like ETH and XRP, which continue to surge.