Bitcoin Price Awaits US CPI Impact

Crypto Market Awaits US CPI and PPI Data Release

• The US CPI report is scheduled for March 12, followed by the PPI report on March 13.
• A Reuters poll expects the US CPI for February to have increased by 0.3%.
• Wall Street anticipates a CPI data figure of 2.9%.
• The Federal Reserve’s meeting on March 18-19 will follow these reports.
• The Fed is likely to maintain interest rates at 4.25%-4.5% during the upcoming meeting.

Upcoming US CPI and PPI reports are expected to influence both the crypto market and Federal Reserve decisions, with potential high volatility anticipated if inflation rates exceed expectations.