As a follow-up to last week's article, this piece will be going over cryptocurrencies to watch this week (BTC, ETH, and XRP). Affecting the market recently was the consumer price index, which tracks a broad swath of goods and services. It increased 0.1% over the past month and 8.3% over the past year. Excluding volatile food and energy costs, the CPI rose 0.6% from July and 6.3% from the same month in 2021. The CPI index is the most important economic event when it comes to inflation predictions. In theory, when the CPI comes out higher than expected, it means that inflation is rising faster than market expectations.
