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

Bitcoin Price Analysis: Low Speculative Urgency Signals More Pain In the Midterm

Bitcoin (BTC) price has experienced faded bullish sentiment in the recent past as traders factor…

June 28, 2025

Is Altseason Coming? CryptoQuant Analyst Spots Key Accumulation Signal

CryptoQuant analyst Axel Adler Jr. has spotted a potential early sign of a new altcoin…

June 27, 2025

Litecoin LTC Price Prediction 2025, 2026 – 2030: Can Litecoin Reach $1000 Dollars?

Story Highlights Litecoin price today is . Litecoin price may reach a potential high of…

June 27, 2025

Polkadot Price Prediction 2025, 2026 – 2030: Will DOT Price Cross $10?

Story Highlights The live price of the Polkadot crypto token is . Polkadot price can…

June 27, 2025

Toncoin Price Prediction 2025, 2026 – 2030: Will TON Price Reach $10?

Story Highlights The live price of the TON token is Toncoin price could hit a…

June 27, 2025

Pi Network Mainnet, KYC Fixes, and More — What to Expect on Pi2Day

With Pi2Day just around the corner, the Pi Network community is buzzing with hopes and…

June 27, 2025