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The Crypto Assets market is about to迎来 an important moment - the US July CPI data is about to be released. This data is not only an important indicator of inflation in the US but may also have a profound impact on the Crypto Assets market.
For Crypto Assets investors, understanding the importance of CPI data is crucial. CPI data directly reflects the inflation level in the United States, which in turn affects the monetary policy decisions of the Federal Reserve. These decisions can lead to a chain reaction in global financial markets, including the Crypto Assets market.
The market expectations for the July CPI data are as follows: the seasonally adjusted CPI year-on-year expectation is 2.7%, lower than the previous value of 2.8%; the month-on-month expectation is 0.3%, higher than the previous value of 0.2%. Regardless of whether the final data is higher or lower than expected, it may trigger significant market fluctuations.
If the CPI data exceeds expectations, it may strengthen the Federal Reserve's tendency to continue tightening monetary policy. In this case, the dollar may strengthen, putting pressure on the Crypto Assets market and potentially leading to price declines. Conversely, if the CPI data is below expectations, it may enhance market expectations for the Federal Reserve to ease policy, which could attract funds into the Crypto Assets market, driving up the prices of mainstream Crypto Assets such as Bitcoin and Ethereum.
For Crypto Assets investors, it is crucial to closely monitor the release of CPI data (please remember to convert US time to your local timezone) and quickly analyze its potential impact on the market. This will help investors make informed decisions amid market fluctuations, whether considering increasing, decreasing, or holding their positions.
In the Crypto Assets market, the timeliness and accuracy of information are often the keys to success. Understanding the connection between economic data and the Crypto Assets market can help investors better seize opportunities and manage risks in this highly volatile market. Let us pay attention to this important economic indicator to better respond to the upcoming market changes.