The cryptocurrency industry is currently experiencing a roller coaster. The majority of the cryptos' prices have been fluctuating significantly without providing any confirmations. But, a few things are planned to keep the markets volatile and finally force the traders to hold their breadth tightly.

Around 6:00 IST, the US CPI rates are scheduled to be revealed, leaving internet users to speculate on whether inflation rates will increase or decrease. This is expected to have a significant effect on the economy, and more especially, the cryptocurrency market.

In addition, the FOMC minutes, which are scheduled to be released at 11:30 EST, will likely indicate the FED's position on interest rates and monetary policy. Last but not least, the impending Ethereum Shanghai upgrade is anticipated to have a significant influence on the cryptocurrency market.

After the publication of new inflation figures, the price of Bitcoin has been impacted. When inflation rates spiked, the price of bitcoin likewise experienced a bullish surge. Also, the CPI rates were cut, which led to a protracted period of consolidation.

The current lengthy consolidation is anticipated to last for a considerable amount of time, even though the new CPI crypto prediction shows a minor slowing as a decrease to 5.2% from the current 6%. Otherwise, a short-term slide below $27,00 may also be feasible if the bears step up their activities. The long-term outlook is still mostly positive at this time.

The next 24 hours can be seen as being more significant for the entire crypto space as a whole because they could see significant changes. Yet, in the event of negative interference, the bulls may continue to keep the Bitcoin (BTC) price above the important support levels and continue to drive upward towards the higher goals.