Tonight's CPI data is released, will the cryptocurrency market face a major test?

Tonight, the United States is set to announce the highly anticipated CPI data, which is like a boulder thrown into the lake of the financial market, sure to create ripples upon ripples, and the cryptocurrency market is on high alert.
CPI, as a key indicator for measuring prices and inflation, is becoming increasingly linked to encryption currencies. When CPI data exceeds expectations, it indicates a heightened inflationary pressure, and the Federal Reserve is likely to delay interest rate cuts or maintain high rates.
This will lead to a stronger dollar, with investors selling off risk assets and turning to traditional safe-haven tools, putting pressure on encryption prices. Conversely, if the CPI data is lower than expected, the market will bet on the Federal Reserve cutting interest rates earlier, leading to a weaker dollar, with funds flowing into high-risk assets, injecting vitality into the encryption market and driving prices to rebound.
Looking back at history, the CPI in June 2023 was 3.2% year-on-year, which was higher than expected, ETH
The drop exceeded 5% that day; the CPI for December 2024 decreased to 2.6%, and ETH rose 18% within a week. These instances highlight the significant impact of CPI data on cryptocurrency prices.
In the current cryptocurrency market, the continuous development of institutional entry, spot ETFs, RWA, etc., has made the connection between cryptocurrency and the real world increasingly close, and the influence of macroeconomic data is also growing. Will tonight's CPI data bring a glimmer of hope for a rise in the cryptocurrency market, or will it fall into the shadow of a decline? Let us wait and see. #CPI数据