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This Week Could Be Critical for Bitcoin and Cryptocurrencies:
🛑The crypto market is entering a critical week as the US releases CPI and PPI inflation data, offering Federal Reserve members the chance to "pause" interest rate hikes.
While investors await this week's CPI data to confirm the market's direction, they are also remaining cautious throughout September, which has historically been the worst month for markets.
Wall Street analysts also believe that there may be a possible interest rate increase by the end of the year. Additionally, the US Dollar Index (DXY) is still trading above 104.50, which poses a risk of continued pressure on BTC prices.
🛑The economic data to be announced this week in the USA may be a critical determinant for Bitcoin and cryptocurrency prices: Markets are focused on the FED's move!
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