It will be announced today US inflation data is among the important data that the cryptocurrency market is eagerly awaiting. Experts state that the inflation data to be announced could cause significant movement in the markets. Market observers expect both core and headline inflation to be at 0.2 percent on a monthly basis. However, it is reported that this expectation is largely priced in the markets.
Higher-than-Expected Data Could Move Markets
Economists say that, except for rents, the US inflation The problem has been largely solved, therefore, the focus should be on increases rather than decreases. It is assessed that unless there is a significant deterioration in inflation data other than rents, the data will be in line with or below expectations. However, market participants expect a slightly higher rate of 0.3 percent instead of 0.2 percent. inflation figureHe adds that this could negatively affect the markets in the short term.
However, there is a general view in the markets that concerns about inflation have diminished. It is stated that markets have largely priced in inflation expectations, therefore the impact of inflation data on the markets will be limited. Analysts say that the biggest fear in the markets right now is recession draws attention to the fact that it is shaped around his concerns.
It is stated that the pressure created by inflation on the markets has eased, but the possibility of recession is perceived as a greater threat to investors.
How Can the Inflation Data to be Announced Affect the Cryptocurrency Market?
Cryptocurrency market It also closely follows general market trends. It is evaluated that higher than expected inflation data will cause a short-term increase in volatility in cryptocurrencies and will mainly feed the downward movement. On the other hand, it is thought that inflation will have a limited effect on the cryptocurrency market in the long term.
Market participants state that recession expectations and the changes the Fed will make to monetary policy in line with this will be more decisive. For this reason, September 18, the day the Fed will make important statements about monetary policy and announce its final interest rate decision, is awaited with great curiosity.
Right now Bitcoin 
$56,980.12 (ETH) fell by 1.13 percent in the last 24 hours and was priced at $56,264, while the altcoin king Ethereum (ETH) 
$2,350.63 It is priced at $2,326, down 0.93 percent.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
