The post Crypto Traders Are Calm Before CPI Data Release: Top 3 Price Scenarios appeared first on Coinpedia Fintech News
The March CPI report lands tomorrow at 8:30am ET, and it carries more weight than any inflation print this year. Economists are forecasting a sharp jump to 3.3% year-on-year, up from February’s 2.4% reading – the first report to fully capture the inflationary impact of the Iran war and the oil price surge that came with it.
US gasoline prices breached $4 per gallon nationally in March for the first time since August 2022, and the Cleveland Fed’s nowcast has been flagging elevated monthly price growth for weeks.
What makes Friday unusual is that the experts and the traders are not reading the situation the same way.
The Gap Between Expert Concern and Market Pricing
Markus Thielen, founder of 10x Research, said that Bitcoin is “currently pricing in just a 2.5% swing in either direction” on the back of the data with implied volatility at its lowe
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