US CPI In Focus As Bitcoin & Altcoins Gear Up For Further Rally

The crypto market heads into a decisive week with traders awaiting US inflation rate numbers while anticipating the next phase of the rally in Bitcoin and altcoins. The crypto market remains focused on the US April CPI inflation due this week. One of the top experts believes that Bitcoin will reach $112,926 due to the technical perspective. Altcoins might do the same, it has been rallying while the market remains bullish.

The crypto week ahead is a critical one, with US CPI Inflation on the agenda. Secondly, the weekly crude oil inventories data of the US are also expected this week, which again a crucial point for inflation figures The US PPI Index data, the other measures of inflation by the US Federal is used to decide their rate cut plans. Significantly, people collectively look forward to this number as Bitcoin alongside the rest of the altcoins is all set to go higher and possibly set a new high.

Crypto Market Awaits US CPI Inflation Figures

The trading market has observed a situated upturn in the new period, especially the crypto market investors expecting the rally to go on ahead. As for now, with the strong Labor market, as well as last week’s Job data , traders await the next US CPI inflation rates. In more detail, the US economy created more jobs than market expectations in November; 227K against the projected 220K. Apart from that, the US unemployment rate also increased to 4.2% in November, leading from 4.1% in the last month.

Significantly, the given economic markers impact the overall financial market at least the digital assets market. All the same, the inflation rate and other figures constitute an important factor that determines the market sentiment.

Investors now look forward to the US Consumer Price Index figures which is due on Wednesday- December, 11th. , projected inflation was 2.7%, from 2.6% in the previous market identification. At the same time, the so-called core inflation, which does not include food and energy prices, is predicted to be 3.2%, against 3.3% in October. A high inflation rate leads to the decreased traders’ risk-bet appetites as compared to expectation.

On the other hand, the US Producer Price Index (PPI), a measure that helps determine inflationary pressures, is due on Thursday, December 12. Market participants will also pay attention to these numbers to understand the current inflationary pressures in the nation. Notably, the market is expecting the US PPI figures to stay the same next month.

What’s Next For BTC & Other Crypto?

As recently stated by the top crypto market analyst Ali Martinez, Bitcoin is likely to hit $112,926 based on technical factors. This has started raising hope among investors particularly when BTC whales have been on a buying frenzy in the last few days. Martinez also posted another post saying that ‘Bitcoin whale Accumulation is going parabolic.’ He also mentioned that recently the whales have bought 20000 BTC which we are approximately $2 billion. Interestingly, it too points toward even stronger retail interest in the near future. However, some companies have fast-tracked their purchasing plan for Bitcoin, hence attracting investors’ attention; notably Marathon Digital (MARA).

Up until now, with equal proficiency, the altcoins have moved in tandem with Bitcoin in its surge towards the north. Discussing the altcoin season, Ki Young Ju, the CEO, and founder of CryptoQuant said that by analyzing the outstanding altcoins trading in South Korea, he believed that the altcoin market was solid. In a recent X post, he stated: 

What Lies Ahead for the Crypto Market?

The new week is crucial in the crypto market given the expectation of some essential inflation rates such as US CPI and PPI. These metrics will create shifts in the perception of the market concerning Bitcoin and altcoins. Inflation expectations as an upcoming factor imply that traders and investors are bound to encounter fluctuations in the market.

Due to the continuing technical signal, Bitcoin is expected to rise to $112,926 in accordance with expert Ali Martinez. This optimism comes mainly from a large number of whale activities implying recent institutional and retail accumulation. On the other hand, the altcoins are also enjoying Bitcoin’s upsurge with good volumes and spirits most notably in the South Korean market.

When coupled with the crude oil inventory data and the PPI report both of them contribute to inflation stories which in turn will define risk on and risk off sentiments of every digital asset. These are therefore important economic indicators that investors should closely watch, in order to track future volitions in the market.

This is an excellent time for the crypto market to make decisive changes. It is therefore on the dynamics of these fundamental factors that the future direction of whether Bitcoin and altcoins can continue with their current upward trajectory or fall back will be determined. The Crypto Markets are headed to the next phase this week wherein the value trends will be established.