US CPI Data Release Sparks High Volatility Expectations
The US CPI data for July is set to be released on Wednesday, August 12, at 8:30 AM New York time.
Traders are anticipating annual inflation of 3.4%, down from 3.5% previously, which could lead to high volatility in the crypto market.
A surprise figure above expectations would change expectations around the Fed and potentially trigger a rise in interest rates, making risky assets less attractive.