(BTC) may end up falling to as low as $30,000 if the U.S. inflation data to be released on Wednesday comes any higher than forecasted, warns Alex Krüger, founder of Aike Capital, a New York-based asset management firm.

The market ExpectationsConsumer price index (CPI), which is widely tracked, rose 7.1% in December and 0.4% over the month. This is why U.S. Federal Reserve officials are hoping for a quicker normalization of their monetary policy than was anticipated.