The most important date for the cryptocurrency market has been named

Cryptocurrency experts have called September 13 the most important date for digital assets. According to analysts, the reason for this conclusion is not only the upcoming update of the ethereum, which will increase the volatility of virtual assets, but also the information to be published by the US government.

As it became known, on September 13, the US will publish new data on the Consumer Price Index (CPI). This information will affect the state of the cryptocurrency market and help investors understand what is happening with inflation in America. As experts explained, such information has repeatedly caused a massive surge in asset volatility. The last time the consumer price index data was much higher than public expectations — on July 13, inflation in the United States was 9.1% and the highest in 40 years — it caused BTC to fall below $ 19,000. In addition to BTC, altcoins also fell, including ETH, which risked falling below $ 1000. At the moment, even without the publication of the consumer price index, bitcoin is going through hard times — the flagship cryptocurrency has set an anti-record, dropping to $ 18,776. Thus, the day of September 6−7, 2022, was the worst for bitcoin’s value, with the BTC price being the lowest daily close since December 2020.

According to cryptocurrency analysts, the publication of CPI data and the expectation of Ethereum’s transition to the PoS consensus mechanism can significantly affect the market situation. The Merge will take place on September 15, 02:17:03. According to cryptocurrency experts, The Merge will be the most important milestone in the development of the blockchain in history. It is worth noting that the merger will lead to a sharp reduction in the production of new ETH coins.