Bitcoin, ETH, XRP Risks Falling as JPMorgan & Wall Street Giants See Hot CPI Inflation at 3.8%

The US stock market and global crypto market are facing renewed selling pressure as Wall Street anticipates hotter-than-expected U.S. CPI inflation data today. JPMorgan, Morgan Stanley, Citigroup, and other major banks warn that a higher inflation reading could reinforce a “higher for longer” Fed rate environment, weighing on Bitcoin, Ethereum ($ETH), and $XRP.