• Today at 13:30 GMT, the U.S. Consumer Price Index (CPI) data will be published, which is likely to have a significant impact on the U.S. dollar and as a consequence also on the crypto market.
• Analysts are expecting CPI to fall to 6.2%, from its previous monthly figure of 6.5%, while core inflation is expected to dip again from 5.7% down to 5.5%.
• Bitcoin has begun the day with another red candle, but still holding up quite well, and altcoins are sitting at the bottom as far as Stochastic RSI momentum indicator reveals on daily time frame.

Inflation Figures Out Today

Today at 13:30 GMT the U.S. Consumer Price Index (CPI) data will be published, which is likely to have a significant impact on the U.S. dollar and as a consequence also on the crypto market. On a yearly basis, analysts are generally expecting CPI to fall to 6.2%, from its previous monthly figure of 6.5%, while core inflation, which takes out food and energy prices, is expected to dip again from 5