Crypto markets shuffle sideways as traders cautiously await CPI figures

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City AM

By Darren Parkin Bitcoin and most of crypto continues to move sideways as investors wait for the latest Consumer Price Index (CPI) numbers from the US today. Bitcoin is holding steady around $27.5k while Ethereum is trading around $1,8K. Analysts expect CPI to hold steady at 5%, adding that if the numbers come in notably higher it could stir investor expectations of interest rates remaining flat or even coming down this year. “We’re closer, or maybe even there,” Powell said after the last rate hike earlier this month, commenting on the possibility of a pause on hikes, but warned that rates are…

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