Crypto Markets Hang in Balance as Inflation Data Looms

The upcoming week in crypto markets will be influenced by whether easing U.S. inflation can keep the Federal Reserve's interest-rate policy on hold and alleviate pressure on the dollar into year-end.

The key event to watch is the Consumer Price Index data release on Wednesday, which could indicate if labor demand is starting to outweigh price pressures above the central bank's target.

ING strategists Chris Turner and Francesco Pesole predict a no-increase outcome in CPI will create a more supportive cross-asset backdrop, potentially leading to a benign decline in the dollar into year-end and a risk-positive climate.