In recent weeks, the cryptocurrency market has seen significant price swings, with Bitcoin and Ethereum experiencing volatility. Investors are keeping a close watch on macroeconomic data and its impact on digital asset prices. The US Consumer Price Index and Retail Sales figures are being closely monitored as they are expected to provide insights into the strength of the US economy and inflationary pressures. Bitcoin and Ethereum have seen significant gains in recent weeks, and positive inflation data released earlier could be the reason for their upward rally. The rise in BTC’s value reflects a positive sentiment towards the digital currency industry, with investors turning to it as a potential inflation hedge. The release of the February Retail Sales report on March 15th is being closely watched, and the impact of the retail sales data on BTC prices will depend on how investors interpret the news.
