US CPI Data Higher than Expected: Impact on Cryptocurrency Community and Market Adjustment

The CPI data in the United States in March was higher than expected, which is not good news for the cryptocurrency community! Inflation problems still exist, and the annual rate has risen to 3.5%, higher than the previous 3.4%. Originally, everyone was looking forward to a rate cut in June, but now it seems that there is little hope, and July has become unlikely. It seems that the bull market may be postponed, and we need to be mentally prepared because the cryptocurrency community may have to enter a period of adjustment.

Traders currently believe that there may only be two rate cuts this year, but the Fed's dot plot predicts three. The Fed always has to wait for the data to come out before deciding whether to implement three or two rate cuts.

However, this also gives us an opportunity to lay out the Bitcoin ecosystem and the Ethereum ecosystem. This battle may be a protracted war, and families need to stabilize their chips and wait patiently for the arrival of the wind!