Ramazan Eles 
The highly anticipated US inflation data was released today, which is also of great importance to the Bitcoin and cryptocurrency market. The data came in slightly higher than expected, causing concerns among investors and leading to a drop in Bitcoin price below $68,000.
Pre-Data Expectations and Analysis
Prior to the data release, analysts had predicted that inflation could come in slightly higher than expected and could lead to market volatility. Alex Kuptsikevich, Senior Market Analyst at FxPro, warned of a potential volatility explosion following the release of the US consumer price index on Wednesday.
Fed Minutes to be Released
The Fed minutes will be released tonight at 9 PM (UTC+3). These minutes will provide investors with insights into the Federal Reserve’s views on inflation and monetary policy.