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CPI Data Release Looms: Will Inflation Surprise Trigger Crypto Market Breakout?

Guavy AI Editorial Team
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BTC ETH XRP
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The upcoming U.S. CPI data release on August 12 at 8:30 a.m. ET (6:00 p.m. IST) is set to influence the prices of major cryptocurrencies Bitcoin, Ethereum, and XRP.

Markets anticipate July headline inflation to be 3.4%, which may have a significant impact on the cryptocurrency market's performance.

Currently, Bitcoin is trading at around $63,700, while Ethereum is nearing $1,900, and XRP is defending its price at the $1 mark.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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