JPMorgan & Wall Street Giants See Hot US CPI Inflation at 4.2%, Bitcoin, ETH, XRP to Fall?

The US stock market and global crypto market are facing renewed selling pressure ahead of today’s US CPI inflation data release. JPMorgan, Morgan Stanley, Citigroup, and other Wall Street giants anticipate a hotter-than-expected CPI print, raising the risks of a Fed rate hike and selloffs in Bitcoin, Ethereum ($ETH), and $XRP.