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Crypto market braces for US CPI inflation data, with Bitcoin price bouncing ahead of the release.
JPMorgan, Goldman Sachs, Barclays, Morgan Stanley, Wells Fargo, and other Wall Street giants estimate US CPI inflation at 3.4%.
Fed rate hike odds have climbed after PPI, but traders await key data CPI data for a potential pause.
Crypto market participants are bracing for US CPI inflation data today, with Bitcoin sliding almost 2% to below $77,000 ahead of the release. Recent oil price rebounds amid the US-Iran war are keeping traders uncertain about market direction. Here's what JPMorgan, Morgan Stanley, Citigroup, and other Wall Street giants' estimates say.
