CPI and China: Crypto's Waiting Game

Crypto markets are in suspense! Bitcoin and Ether are holding steady as traders anxiously await Friday's Consumer Price Index report, the week's only major U.S. economic data release due to government shutdown delays. A softer CPI could fuel hopes for a soft landing and boost Bitcoin. Geopolitical tensions are also in focus, with Polymarket traders betting on a U.S.-China tariff deal before November 10th. Will Biden and Xi's upcoming meeting ease tensions and influence markets? All eyes are on these key events as the crypto world braces for the next big move.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.