CPI report may show uptick in US inflation — How will Bitcoin price react?

As a result, the impact of inflation on cryptocurrencies remains uncertain.Is the tech stock bubble bursting?The recent 7-day decrease in tech giants, consisting of Fortinet (FTNT) with a reduction of 25.7%, Block Inc. (SQ) with a drop of 20.5%, Paypal (PYPL) down by 15%, Shopify (SHOP) down 14.8%, and Palo Alto Networks (PANW) down 13.9%, has caught the attention of financiers, especially in light of the expectation of an additional interest rate trek by the Federal Open Market Committee (FOMC) on Sept. 20. Economists predict that the Consumer Price Index (CPI) for July, which will be exposed on Aug. 10, will be around 3.3%, surpassing the previous months figure of 3% and exceeding the main banks 2% target. Healthy markets typically display BTC futures contracts trading at a 5% to 10% annualized premium, a situation known as contango, which is not special to crypto markets.Bitcoin 3-month futures premium.

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As an outcome, the impact of inflation on cryptocurrencies remains uncertain.Is the tech stock bubble bursting?The recent 7-day decrease in tech giants, consisting of Fortinet (FTNT) with a decrease of 25.7%, Block Inc. (SQ) with a drop of 20.5%, Paypal (PYPL) down by 15%, Shopify (SHOP) down 14.8%, and Palo Alto Networks (PANW) down 13.9%, has actually captured the attention of investors, especially in light of the expectation of an additional interest rate trek by the Federal Open Market Committee (FOMC) on Sept. 20. Economists predict that the Consumer Price Index (CPI) for July, which will be revealed on Aug. 10, will be around 3.3%, going beyond the previous months figure of 3% and exceeding the main banks 2% target. The company anticipates a more decline of 15% to 20% in deal value for the 3Q. Healthy markets generally show BTC futures contracts trading at a 5% to 10% annualized premium, a circumstance known as contango, which is not distinct to crypto markets.Bitcoin 3-month futures premium.