| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107249.1000000000 |
| ETH | $2430.5280000000 |
| BNB | $648.8297400000 |
| XRP | $2.1835080000 |
| ADA | $0.5615245000 |
| SOL | $149.8150000000 |
| DOGE | $N/A |
| DOT | $3.3878300000 |
| LTC | $86.4175000000 |
| LINK | $13.2916500000 |
Category: CRYPTO NEWS
The post Crypto news today: US inflation at 2.4% sends Bitcoin to $82K appeared on BitcoinEthereumNews.com. Bitcoin and Ethereum prices rise as US inflation drops to 2.4%. Lower-than-expected inflation data boosts market optimism. Trump’s delay of tariff hikes eases trade-related uncertainties. Bitcoin, Ethereum, and other cryptocurrencies experienced a surge in value on Wednesday, buoyed by the release of the latest US inflation data, which revealed a smaller-than-expected increase. The Consumer Price Index (CPI) for March showed a year-over-year increase of 2.4%, falling short of the predicted 2.6%. Core CPI, which excludes volatile food and energy prices, also cooled, rising 2.8%, down from 3.1% in February, signaling a potential shift in the inflationary landscape. The encouraging inflation data provided much-needed relief to markets, including crypto assets like Bitcoin, which jumped 7.5% to reach $82,000, signaling a strong recovery. Ethereum also gained ground, climbing to $1,600, while Solana experienced an impressive 11% surge, reaching around $114, reflecting the positive sentiment sweeping across the digital asset space. Trump’s tariff delay: easing trade uncertainty This positive inflation report comes on the heels of President Donald Trump’s decision to delay further tariff hikes for 90 days, a move that has helped to ease some of the trade-related uncertainties that have been weighing on global markets. While Trump had previously imposed higher tariffs on Chinese goods and raised tariffs on foreign cars and auto parts, creating concerns about an escalating trade war, the suspension of some tariffs has elicited a positive response from the market, helping to calm fears of a potential economic slowdown. Despite this temporary reprieve, Trump has maintained a hard-line stance on trade, particularly with China, increasing tariffs on Chinese imports to 125%. The Federal Reserve has been closely monitoring both inflation and the potential impact of these tariffs, carefully weighing the risks to the US economy. While inflation has shown signs of easing, it remains above the Fed’s…
2025-04-11T02:37:09+00:00