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#Upcoming CPI Data Release
The crypto market braces for turbulence as the U.S. CPI report drops today at 12:30 GMT, a critical catalyst for Fed policy signals. Bitcoin currently hovers near $101,847, down 2.6% in 24hrs after a sharp 5.8% dip to $100,833 triggered $260M in liquidations . Traders remain cautious, with the S&P 500 flat and Nasdaq’s risk-off sentiment amplifying crypto’s sensitivity . A hotter CPI could delay rate cuts, pressuring risk assets, while softer data might reignite bullish momentum. Key support at $100K is pivotal; a break could spur deeper corrections. Stay agile—Fed Chair Powell’s remarks post-data will dictate short-term direction.