Crypto Market on High Alert Ahead of FOMC Minutes and CPI Report

The crypto market is bracing itself for a potentially volatile week ahead, with several key economic events on the horizon. On April 8, the FOMC minutes will be released, providing insight into the Federal Reserve's view on interest rates and monetary policies. This information can have a significant impact on market sentiment and cryptocurrency prices.

The March CPI report is another crucial event that will take place on April 10. The consumer price index (CPI) data will offer valuable insights into inflation trends, which in turn can influence expectations about future interest rate adjustments by the Federal Reserve.

According to forecasts, the March CPI is estimated to show a moderate inflation rate, with estimates suggesting a 1.0% increase from 0.3%. The year-over-year data is also expected to rise to 3.3% from 2.4%, while the core inflation rate is likely to be 0.3% in March and 2.7% year over year.