US CPI data released today: Will Bitcoin price explode or collapse?

The U.S. Consumer Price Index (CPI) report will be released today at 8:30 a.m. ET, with Wall Street expecting inflation to be 2.9%. Lower data could boost Bitcoin and altcoins, while higher inflation could trigger a sell-off. The data will impact the Fed’s September 17 interest rate decision and set the tone for the fourth quarter market. Bitcoin has shown high sensitivity to CPI data, and data released in the past have caused price fluctuations of 9-11%.