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Oil Inventory Data Could Influence Fed Rate Expectations and Crypto Sentiment
The U.S. oil inventory data may affect inflation forecasts and the next interest-rate move by the Federal Reserve. Five cryptocurrencies to watch are Ethereum (ETH), Solana (SOL), XRP, Zcash (ZEC), and Sui. The U.S. oil inventory report will be released at 10:30 a.m. Eastern Time and will indicate shifts in domestic crude supplies, potentially impacting oil prices and cryptocurrency markets.