CPI Preview: Bitcoin Price Poised To Surge If Projections Hold True

The US Consumer Price Index (CPI) data, set to be released tomorrow, May 15 (Wednesday), at 8:30 am ET, is anticipated to be a potentially significant catalyst for the Bitcoin price. This expectation stems particularly from Bitcoin’s recent trend of responding to macroeconomic news, indicating a heightened sensitivity to such data in influencing its market dynamics.
The CPI measures inflation by tracking changes in the price levels of a market basket of consumer goods and services. The upc