Bitcoin Faces Turbulence as CPI, PPI Data and Powell’s Testimony Approach

1 min read

10 months ago bitnews

The cryptocurrency market is bracing for potential turbulence with the imminent release of CPI and PPI data this week. Chairman Powell is scheduled to deliver his semi-annual monetary policy testimony to the HFSC, which could further influence market dynamics. With a prospective 25bps rate cut on the horizon, market participants are anticipating rapid changes. Stay