Cryptocurrency markets traded cautiously as investors awaited the release of January’s U.S. Consumer Price Index (CPI) data, a key indicator that could shape expectations around Federal Reserve interest rate policy. Bitcoin hovered near recent support levels while Ethereum and major altcoins showed limited volatility, reflecting uncertainty among traders. Analysts suggest a higher-than-expected inflation reading could pressure risk assets, including crypto, while softer data may fuel hopes of rate cuts and spark a short-term rally. Market participants are closely watching macroeconomic signals for clearer direction.