Crypto markets are currently awaiting crucial inflation data from the US, specifically the Consumer Price Index (CPI) and Producer Price Index (PPI). These releases will offer insights into the current inflationary pressure on the economy, which directly impacts monetary policy decisions. Analysts predict that CPI inflation might ease to 2.3% in April compared to the previous month’s 2.4%. Bitcoin price has surged past $105,700 as investors await these releases and a potential shift in market sentiment. The digital asset space is closely watching for clues about the Fed’s future rate cut plans. Key events this week, including the CPI and PPI releases, will provide insight into inflationary trends and impact investor decisions.