The US Bureau of Labor Statistics (BLS) has just published the figures for the Consumer Price Index (IPC) in January 2025. These statistics offer us key information on inflation trends, potential changes in policies monetary and their direct impact on the financial markets like Wall Street and the Crypto.
Without beating behind the bush, let’s dive directly into the details and see how the cryptography market reacted.
CPI data: Are the numbers in line with expectations?
According to the latest figures published by the Bureau of Labor Statistics (BLS), the IPC for January 2025 increased by 0.1% compared to the prediction of Wall Street by 0.3%. Speaking of figures from year to year, inflation is 2.9%. That being said, the basic IPC to the exclusion of food and energy prices came to 3.3% compared to the previous 3.2%, miles from the Fed lens of 2 %.
These inflation numbers, the remarks of the President of the United States Fed, Jerome Powell, and any new update on the Trump government prices will play a central role in determining the American interest rate department.
How did the cryptography market react?
The cryptography market responded negatively to the figures published. While the company’s total market capitalization experienced a change of -1.6%, intraday commercial volumes recorded a difference of + 3.93%. Talking about the main cryptocurrencies Bitcoin, Ethereum and XRP, while the BTC price has changed -2.74%. The ETH was -3.27% and XRP experienced a change of -2.45%.
The promoter of Crypto Michael Van de Poppe in his X Post quotes that the market will take the time to recover after a massive capitulation last week. It is optimistic about the prices of cryptography which go up gradually, after a minor consolidation and a lateral trend.
Faq
The consumer price index for the month of January 2025 is 3%.
The IPC is calculated on the basis of the price change for a sample of articles, evaluated by their importance. This is an estimate of prices for the whole month and not a specific date.
CPI (Consumer price index) measures the average price variation paid by consumers for goods and services, while the PPI (producer price index) follows price changes in terms of wholesale before reaching Consumers.
