The Bigger Picture: Crypto Through The Macro Lens

The crypto market is being crushed by macroeconomic factors as large cryptocurrencies continue pushing into previous support levels. Despite today’s red trading session, these assets continue to trade in a tight range and a low-volatility environment.

A report from Arcane Research claims that the upcoming Consumer Price Index (CPI) print, to be published this Thursday, could change the current status quo. The research first expects the metric to unleash volatility across the nascent asset class.

In 2022, CPI events have driven sudden price movements as market participants priced in potential decisions from the U.S. Federal Reserve (Fed). CPI is the benchmark for inflation in U.S. dollars and has been the dominant factor behind the shift in monetary policy from the financial institution.

At the moment, the CPI print for September 2022 could provide a deeper insight into the Fed’s r