Goldman Sachs Predicts Interest Rate Hike For Next Three Months

With the release of Consumer Price Index on Tuesday, the cryptocurrency market responded negatively. The data showed an inflation of 8.30% year on year while the core CPI was also worse than expected. This means that there is a possibility of a one percentage point interest rate hike. Overall, the inflation data is not a good sign for the crypto market, which could face a wave of volatility.