Cryptocurrency News
What The CPI Data For June 2022 Might Mean For Crypto
2022.07.14 07:35
What The CPI Data For June 2022 Might Mean For Crypto – Budrigannews.com
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- The Consumer Price Index (CPI) statistics for June are anticipated to be released today.
- If May’s CPI data is any indication, this might cause an imbalance in the cryptocurrency market.
- The crypto markets have been adjusting for days in anticipation of increased inflation.
The US Consumer Price Index (CPI) inflation data for June is set to be released today. If the CPI data release from the previous month is any indication, this announcement might trigger ructions in the markets for cryptocurrencies.
US June CPI will be released today at 12:30 UTC.
The June 10th CPI print was well above consensus and became the initial catalyst pushing BTC below $30k, exposing the market to new blow ups.
Consensus has inflation accelerating to 8.8% YoY. Will expectations be right this time? pic.twitter.com/tdEnNlx4NW
— Arcane Research (@ArcaneResearch) July 13, 2022
