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COIN Stock Prediction Ahead of Wednesday’s US CPI Report

Picture: CoinGape

Highlights COIN stock closed higher as investors awaited Wednesday’s inflation report. US CPI could reach 3.7%, potentially pressuring crypto equity sentiment. Maintaining $176.80 support keeps COIN positioned to challenge $184.23 resistance. COIN Stock closed Monday at $180.39, up 0.56%, before Wednesday’s US inflation report tests sentiment toward crypto equities. Bitcoin price traded near $83,260, Ethereum around $2,500, and XRP at $1.36 during Tuesday’s trading. The crypto market is down 0.89% to $2.8T in 24h, primarily driven by a macro-driven selloff. Investors await fresh inflation signals that could reshape Federal Reserve policy expectations.

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