US CPI Report: What To Expect in Cryptocurrency Market Today

The US CPI report for June 2023 will be release today

The US CPI report for June 2023 is highly anticipated by global crypto investors

The Bureau of Labor Statistics will release the CPI data on July 12, 2023, at 13.30 UK time

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Market expectations suggest that the annual rate of headline inflation will decrease from 4% to 3.1% for June

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This potential decrease in inflation could have positive implications for the crypto market.

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A lower CPI rate of 3.1% would be seen as bullish for the crypto market

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If CPI Rates decreased today we can see Bitcoin again to $31,500 mark

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Bitcoin is currently trading at $30,717.15, experiencing a +0.94% increase for the day.

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This upward movement suggests a bullish sentiment ahead of the US CPI report.

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If the US CPI report exceeds market expectations and shows higher inflation levels, it could potentially lead to volatility in the cryptocurrency market.

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Investors and traders must be ready for volatility and should follow risk management

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GateEx Shocking Crypto Scam

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