Bitcoin and Ethereum Hold Steady as Market Awaits Key U.S. CPI Inflation Data

The cryptocurrency market exhibited minimal movement on Tuesday, with Bitcoin (BTC) and Ethereum (ETH) prices showing little change. This period of consolidation comes as traders and investors globally adopt a cautious stance ahead of the highly anticipated release of the U.S. Consumer Price Index (CPI) report. The inflation data is a critical economic indicator that heavily influences Federal Reserve policy decisions, which in turn impact risk assets like digital currencies. Market analysts suggest that the sideways trading reflects uncertainty, with significant price volatility likely to follow the report's publication. The current stability underscores the market's sensitivity to macroeconomic signals and its focus on potential shifts in monetary policy.