| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107247.3500000000 |
| ETH | $2430.1300000000 |
| BNB | $648.7997400000 |
| XRP | $2.1834410000 |
| ADA | $0.5627573000 |
| SOL | $149.6300000000 |
| DOGE | $N/A |
| DOT | $3.3886900000 |
| LTC | $86.3475000000 |
| LINK | $13.2916500000 |
Category: CRYPTO NEWS
The post Bitcoin, Ethereum Rise as Inflation Drops Sharply in March appeared on BitcoinEthereumNews.com. The price of Bitcoin rose on Thursday after a closely watched inflation gauge in the U.S. showed consumer prices rose far less than expected last month. The Consumer Price Index (CPI) rose 2.4% in the 12 months through March, the Bureau of Labor Statistics (CPI) said. Economists expected the index, which tracks price changes across a broad range of goods and services, to show a 2.6% annual increase. So-called core inflation, which strips out volatile food and energy prices, rose 2.8% in the 12 months through March, coming in below economists expectations as well. It marked a sharp improvement from February, when core inflation rose 3.1% on an annual basis. “This marks some good news for equities and Bitcoin,” David Hernandez, a crypto investment strategist at asset manager 21Shares told Decrypt. “Next month’s CPI report will be key in gauging the full impact of tariffs that were not included in President Trump’s recent pause on select countries.” The index’s increase in March was bolstered by a jump in new vehicle prices. However, the recent increase was partially offset by a decline in used car and truck prices. Businesses have been watching to see how consumers would respond to the prospect of higher prices under Trump’s trade regime. So far, consumer prices fell 0.1% compared to February—the first month-to-month decline since 2020, BLS noted. The Bitcoin price was hovering around $82,000, showing a 7.5% increase over the past day and an 0.2% gain in the past hour, according to crypto data provider CoinGecko. The price of Ethereum and Solana were up 11% each, hovering around $1,600 and $114, respectively. Thursday’s inflation snapshot followed U.S. President Donald Trump’s decision to delay hiking tariffs on most countries for 90 days, a move that provided markets with instant relief after the White House’s on-again, off-again…
2025-04-10T13:44:07+00:00
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