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Today, the US will release its Consumer Price Index (CPI) data. This data can affect traditional and digital markets. According to expectations, inflation is expected to increase. The data could also affect the Bitcoin and cryptocurrency market. Analysts care about the impact of used cars and housing on inflation. If the CPI data comes in line with the estimates, the Federal Reserve's stance may loosen. Liquidity and support-resistance zones in the market are also important. This data will be important in determining the future of crypto markets. In addition, the possibility of a rate hike by the Federal Reserve in September is being watched.
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