The US stock market and global crypto market are facing renewed selling pressure ahead of today’s US CPI inflation data release. JPMorgan, Morgan Stanley, Citigroup, and other Wall Street giants anticipate a hotter-than-expected CPI print, raising the risks of a Fed rate hike and selloffs in Bitcoin, Ethereum (ETH), and XRP. Ad Ad US CPI
The post JPMorgan & Wall Street Giants See Hot US CPI Inflation at 4.2%, Bitcoin, ETH, XRP to Fall? appeared first on CoinGape.
Matthew Ruthven is a crypto journalist and blockchain strategist with a passion for exploring the intersection of technology, finance, and decentralized governance. With a background in software development and digital economics, he brings a technical yet accessible approach to analyzing the latest trends in cryptocurrency and Web3 innovation.