News View Non-AMP

Purported US CPI Rates Drop the Market By 5%, Will Higher Inflation Rates Drag them to the Bottoms?

Published by
Sahana Vibhute

The inflation rates are about to be announced in a short while from now and the crypto markets are responding extremely negative. It’s been a couple of months that the markets are dropping heavily as the rates have been surging to a 40-year high. While some hope for better rates, some believe it is a good opportunity to lighten their positions and re-enter after some time probably after a couple of hours.

In such strained conditions, a fake report of 10.2% makes huge rounds and the market begins to move sideways by dropping by nearly 5%. However, The Bureau of Labor Statistics confirmed the rates to be fake that assisted the BTC & ETH prices to recover slightly. However, the inflation rates are expected to be raised by 75 basis points to hit 8.8%. Therefore, the entire crypto markets may be shaken up or may also lead to a huge plunge recording the bottoms. 

Charlie Bilello, the founder and CEO of Compound Capital Advisors ran a poll to know the actual numbers that may point out the sentiments. 

According to the survey, nearly 45% of them believe the rates to be above 8.8% while 42% believe it could be below these rates. Therefore, the rounds of the increased rates have been circulated within the space which has bought forth a sense of FUD within the space. While many are just eagerly waiting for the confirmation so that they can pull off their holdings.

Therefore, if the rates come out higher than 8.6% then the bears may be strengthened while lower rates may grant the bulls to take over. However, if the rates are increased and anything above 8.8% will drag Bitcoin close to $15,750 to $15,550 levels. 

Collectively, the BTC price is currently anchored around $19,500 to $19,800 levels and hence the asset may withness increased volatility after the rates are out. However, the possibility of a remarkable drop emerges leaving no room for the bulls ahead. 

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

7 Best Meme Coins to Buy Now — APC Coin’s Deflationary Setup Catches Eyes with Neiro, Pepe Unchained, and More

What if the next big crypto boom isn't driven by Bitcoin or Ethereum, but by…

June 7, 2025

Top 7 Indicators That Ozak AI Is the Next Big Thing in AI Tokens

Convergence of artificial intelligence (AI) and blockchain technology continues to reshape the crypto space, one…

June 7, 2025

A New Era Begins with FUNToken AI Agent

FUNToken launches a smart rewards bot — the first step toward building an AI agent…

June 7, 2025

The 6 Best Crypto Exchanges: Top Picks for Seasoned Pros in 2025

The crypto market of 2025 is now a full-blown financial arena where professionals, institutional traders,…

June 7, 2025

Analysts Say This New Crypto Is The Best Risk-To-Reward Play Over Dogecoin (DOGE)

Analysts are spotlighting Mutuum Finance (MUTM) as the best crypto to buy now, outshining Dogecoin…

June 7, 2025

Investors Are Moving Beyond Dogecoin (DOGE): Ruvi AI (RUVI) Emerges as the Smarter 2025 Altcoin Bet

Investors seeking more than speculative momentum are increasingly shifting their attention from Dogecoin (DOGE) toward…

June 7, 2025