- What is the CPI and why does it matter?
The CPI measures how much prices have risen in the US, and new data for September could show that inflation remains high. If this happens, the Federal Reserve could raise interest rates to rein in the economy, which would affect everyone, including cryptocurrencies.
- How does this affect cryptocurrencies?
If the Federal Reserve raises interest rates, investing in cryptocurrencies could become less attractive for some, which could cause the prices of coins like Bitcoin or Ethereum to fall. It's important to be prepared for any changes in the market!
- Advice from the experts
Major investors recommend keeping a close eye on CPI data. If inflation continues to rise, it could be a good time to review your investments and make smart decisions in the crypto market.
