Tomorrow we will be getting new Inflation numbers in the US. That’s the biggest economical event of this month and will influence Crypto accordingly.

Tomorrow the United States will release the CPI for last month. As this month we won't be having any FOMC meeting or rate hikes this is arguably the biggest economical event and it will decide a lot, for the short-term and basically what the FED is going to do next. Obviously Crypto is going to move according to this CPI number too. Here are the two possibilities:

1. We get a lower CPI number, this is the likely scenario this time and is already predicted by almost everyone. If we get a 8.7% or so inflation it will indicate that inflation has actually peaked now and the FED did well with hiking. This is also good as the FED won't be needed to go very hard on the marhet with 75bps hikes anymore. We may very well just see 50bps and 25bps hikes throughout the year. And stock markets will rally just as Crypto.

2. We get a higher CPI number. This is highly unlikely as nearly nothing has been speaking for this in the last month but if we somehow get a higher inflation or even the same 9.1% inflation. It will indicate that the FED has to do more to control inflation. Resulting in sure 75bps hike next month and the 100bps hike still being a possibility. Crypto will therefore tank afterwards. And be under pressure until the next CPI.