Fed Meeting Looms: Strong Employment and Inflation Complicate Market Outlook

The latest inflation report from the US has added to the uncertainty surrounding next week's Federal Reserve meeting. The data, released on Friday, showed strong employment numbers and sticky inflation, but also signaled higher oil prices.

As a result, rate-hike expectations have surged in recent weeks, potentially posing a threat to risk-on assets like Bitcoin.

The market cap of all currencies has decreased by 1.44% over the past 24 hours, with a spot volume of $28.60B, representing a decline of 39%. The Ethereum gas fee is currently at 0.06 Gwei.