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Crypto Market on High Alert Ahead of Key Economic Data

Guavy AI Editorial Team
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The crypto market is taking a cautious approach ahead of major economic data releases. This week's US job data will be followed by inflation data next week, which could provide insights into potential Federal Reserve rate hikes.

JPMorgan is focusing on the upcoming Consumer Price Index (CPI) inflation data for its Fed rate hike decision, rather than the job numbers. The CPI data might give a clearer picture of inflation trends and inform the central bank's interest rate decisions.

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