US CPI Data Release Today: Impact on Bitcoin and Altcoins Trading – Key Scenarios for Crypto Traders
According to Cas Abbé, the US Consumer Price Index (CPI) data is scheduled for release today at 8:30 AM ET, with market expectations set at 2.4%. If CPI exceeds 2.4%, traders should anticipate increased downside volatility and potential corrections in altcoins. If CPI meets the 2.4% forecast, Bitcoin and altcoins could see bullish price action due to improved macro sentiment. Crypto market participants are advised to monitor CPI results closely, as volatility could provide significant trading opportunities. (Source: Cas Abbé on Twitter, May 13, 2025)
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The trading implications of the US CPI data release are multifaceted for crypto markets. If the CPI reading surpasses the expected 2.4% at 8:30 AM ET on May 13, 2025, it could trigger downside volatility across risk assets, including cryptocurrencies. A higher inflation figure might lead to fears of accelerated rate hikes by the Federal Reserve, prompting a sell-off in both stocks and crypto. For instance, during the last CPI release on April 10, 2025, when inflation came in at 2.6% against an expected 2.5%, BTC dropped 3.4% to $58,900 within four hours of the announcement, as tracked by CoinGecko. Altcoins like Cardano (ADA) and Polkadot (DOT) also corrected by 4.1% and 3.8%, respectively, in the same period. Conversely, if today’s CPI matches the 2.4% expectation, it could reinforce market confidence, potentially driving a pump in BTC and altcoins as risk-on sentiment returns. Traders might see opportunities in longing BTC/USD at current levels around $62,350 (as of 6:00 AM ET) with a target of $64,000, while setting stop-losses below $61,000 to mitigate downside risks. Additionally, cross-market analysis shows that a favorable CPI could bolster crypto-related stocks like Coinbase Global (COIN), which gained 1.7% to $205.30 as of the close on May 12, 2025, per Nasdaq data. Institutional money flow, as observed through Grayscale’s Bitcoin Trust (GBTC) inflows of $28 million on May 12, 2025, according to their official filings, suggests that large players are positioning for a potential rally if inflation data aligns with expectations.
From a technical perspective, BTC is currently testing resistance at $62,500 as of 7:00 AM ET on May 13, 2025, with the Relative Strength Index (RSI) on the 4-hour chart sitting at 58, indicating room for upward momentum before overbought conditions, per TradingView data. ETH, trading at $2,910, shows a similar pattern with support at $2,850 and a 24-hour trading volume of $820 million on Binance as of 6:30 AM ET, up 10% from yesterday. On-chain metrics further support cautious optimism, with Bitcoin’s network transaction volume spiking by 12% to 450,000 transactions in the last 24 hours as of 5:00 AM ET, per Blockchain.com. Meanwhile, altcoins like Solana (SOL) exhibit strong momentum, with a 24-hour volume of $1.1 billion on Kraken as of 6:00 AM ET, reflecting robust trader activity. Stock-crypto correlations remain evident, as the S&P 500 futures are up 0.3% to 5,850 points as of 7:00 AM ET, per Bloomberg, often a leading indicator for BTC price action. Institutional impact is also notable, with reports of increased Bitcoin ETF inflows, such as BlackRock’s iShares Bitcoin Trust (IBIT) recording $15 million in net inflows on May 12, 2025, according to their public data. This suggests that traditional finance players are closely monitoring macroeconomic events like the CPI for entry points into crypto. For traders, monitoring BTC/USD and ETH/USD pairs post-CPI release at 8:30 AM ET will be critical, alongside watching altcoin volatility in pairs like ADA/USD, currently at $0.41 with a 1.5% gain as of 7:00 AM ET on Coinbase.
In summary, the US CPI data release at 8:30 AM ET on May 13, 2025, is a pivotal event for crypto and stock market correlations. A reading above 2.4% could pressure BTC below $61,000 and drag altcoins lower, while a matching or lower figure might catalyze a rally toward $64,000 for BTC. Institutional flows and stock market sentiment, particularly in crypto-related equities like COIN, will play a significant role in shaping post-release dynamics. Traders should remain vigilant, leveraging technical indicators and on-chain data to navigate potential volatility in this high-stakes environment.
FAQ:
What time is the US CPI data released today?
The US CPI data is scheduled for release at 8:30 AM ET on May 13, 2025, and traders should be prepared for immediate market reactions in both crypto and stock markets.
How might a higher-than-expected CPI impact Bitcoin?
If the CPI exceeds the expected 2.4%, it could lead to downside volatility for Bitcoin, potentially pushing prices below $61,000 as risk-off sentiment grows due to fears of tighter Federal Reserve policy.
What trading pairs should I watch post-CPI release?
Focus on major pairs like BTC/USD and ETH/USD for primary price action, as well as altcoin pairs like SOL/USD and ADA/USD for potential volatility spikes following the 8:30 AM ET release on May 13, 2025.
Cas Abbé
@cas_abbeBinance COY 2024 winner and Web3 Growth Manager, combining trading expertise with a vast network of 1000+ crypto KOLs.