Bitcoin, Ethereum and other cryptocurrencies jumped after the latest American inflation data showed a smaller than expected increase.
This inflation report comes after President Donald Trump decided to delay the tariff increases for 90 days, a decision that attenuated certain trade -related uncertainties. Trump had previously imposed higher prices on Chinese products and raised prices on foreign cars and automotive parts, which aroused concerns about the climbing of trade tensions. However, the suspension of certain prices has led to a positive market response, helping to calm fears of an economic slowdown.
Despite this, Trump increased prices on Chinese imports to 125%, maintaining a difficult position on trade, especially with China. The federal reserve has closely monitored inflation and the impact of prices. Although inflation has decreased, it remains above the target of 2% of the Fed, and these last data mark the second consecutive month of inflation and central inflation in decline.
The drop in inflation has strengthened optimism on the markets. Bitcoin and Ethereum, as well as other cryptocurrencies, have benefited from the news, because investors hope that a decrease in inflation could possibly lead to a larger position in the federal reserve, including potential declines on interest rates. Analysts closely look at future IPC reports to see how the prices will affect inflation in the future.
Mars inflation data showed a sharp drop in inflation, despite the increase in prices. This gave the markets a feeling of relief, because it raised the hope that the federal reserve could adjust its policies to counter economic pressure. The break in certain prices, combined with better than expected inflation figures, provided support for actions and cryptocurrencies.
As for Bitcoin, its price oscillated at $ 82,000, marking an increase of 7.5% in the last day, while Ethereum increased by 11%. The wider market has also experienced positive movements following inflation news, the response of the federal reserve, which is still uncertain but under an in -depth examination. The latest data indicates a potential change in inflationary trends, while commercial tensions with China continue to influence the feeling of the market.
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