Whether the fresh inflation numbers boost rate cut hopes or the price of bitcoin is another story as the data is from prior to last week's sweeping tariff announcements.
Ethereum's ETH hit its weakest price against bitcoin in almost five years as macroeconomic concerns added pressure to risk assets.
Japan’s headline inflation remains nearly 100 basis points higher than U.S.counterparts.
Bitcoin (BTC) recorded slight gains as the Consumer Price Index (CPI) inflation rate for February came in lower than expected. The softer inflation reading fuelled hopes of interest rate cuts by the US Federal Reserve (Fed), potentially benefiting risk-on assets. Bitcoin Jumps As Inflation Cools According to data from the US Bureau of Labor Statistics, the CPI increased by 0.2% in February on a seasonally adjusted basis, bringing the annual inflation rate down to 2.8%. This figure not only fell below economists’ projection of 2.9% but also marked a decline from January’s 0.5% monthly increase. Related Reading: Bitcoin Faces CPI Shock—But Research Firm Says ‘Buy The News’ Additionally, the core CPI – an inflation measure excluding food and energy prices – rose 0.2% month-over-month, underperforming most forecasts of 0.3%. On an annual basis, core CPI came in at 3.1%, slightly below the 3.2% consensus. The lower-than-anticipated inflation data has reignited investor optimism, with hopes the Fed may pivot to a more dovish monetary policy by cutting interest rates to boost market liquidity. Lower interest rates typically favor risk-on assets like stocks and cryptocurrencies. Following the data release, BTC posted modest gains, climbing from approximately $81,000 to $84,500. Leading memecoin Dogecoin (DOGE) also saw a 2.9% rise in the past 24 hours. It’s worth noting that last month, BTC declined after CPI data came in hotter than expected. Since then, US President Donald Trump’s economic policies – particularly high trade tariffs on countries like Canada, Mexico, and China – have further hindered bullish momentum for digital assets. Earlier this month, BTC experienced one of its sharpest declines, dropping from around $94,700 on March 2 to as low as $76,800 on March 11. Over the same period, the total crypto market cap shrank by approximately $600 billion, falling from $3.2 trillion to approximately $2.6 trillion at the time of writing. BTC Price Projected To Make Recovery While the current bearish trend has dragged BTC and other cryptocurrencies to multi-month lows, industry experts believe digital assets are likely to rebound in the later quarters of 2025. Related Reading: Bitcoin Plays Chicken With Central Banks As Dollar Falls, Says Expert For instance, crypto entrepreneur Arthur Hayes recently suggested that while BTC may face further declines in the short term, central banks will likely resort to quantitative easing to stabilize stock markets – a move that could also help risk-on assets recover their losses. Similarly, recent analysis by CryptoQuant contributor ibrahimcosar forecasts that despite the current downturn, BTC is poised to reach $180,000 by 2026. A weakening US dollar is also likely to hasten the price recovery. At press time, BTC trades at $81,541, reflecting a 0.6% gain over the past 24 hours. Featured image created with Unsplash, charts from TradingView.com
Bitcoin managed a knee-jerk move above $84,000 after the U.S. CPI report, but returned to roughly flat for the day.
The bitcoin price jumped above $84,000 on the welcome news.
Slower inflation could raise the chance of interest-rate cuts that might boost riskier assets such as cryptocurrencies.
Earlier today, Bitcoin (BTC) dropped below $80,000 for the first time in over three months. According to data from Binance, BTC hit a low of $78,258, filling the Chicago Mercantile Exchange (CME) gap between $78,000 and $80,000. Bitcoin Fills CME Gap, Is It Time For Rebound? With today’s dip, BTC has now filled every CME gap since March 2024. At the time of writing, the leading cryptocurrency is trading in the low $80,000 range. Related Reading: Bitcoin Hits Its Most Oversold Level Since August 2024 – Is A Rebound Coming? For the uninitiated, the CME gap refers to the price difference that occurs on the CME Bitcoin futures chart between Friday’s closing price and Monday’s opening price, as CME does not trade on weekends. These gaps are often filled later as Bitcoin’s price naturally retraces to these levels, acting as key support or resistance zones. A new CME gap has now emerged due to the ongoing market sell-off, triggered by US President Donald Trump’s confirmation that trade tariffs on Canada, China, and Mexico will take effect on March 4. According to crypto analyst Rekt Capital, the new CME gap lies between $92,800 and $94,000. If past data is anything to go by, this new CME gap may work as a price magnet, pulling BTC upward and initiating a bullish trend reversal. For example, back in January 2021, BTC filled a CME gap between $29,410 and $33,050. After filling the gap, BTC continued to dip further, before surging to as high as $40,000. That said, macroeconomic and geopolitical factors remain significant. The US Federal Reserve (Fed) and Trump continue to clash over interest rate policies. While the Fed has maintained that it is in no rush to cut rates, Trump has repeatedly called for immediate reductions. However, positive inflation data could pressure the Fed to accelerate rate cuts. According to an X post by The Kobeissi Letter, January’s PCE inflation – the Fed’s preferred measure – aligned with its projection of 2.5%. Similarly, core inflation – which measures the change in consumer prices excluding volatile items like food and energy – was in-line with expectations of 2.6% as well. However, data from CME FedWatch suggests that the Fed is likely to keep interest rates unchanged at the March 19 FOMC meeting. Is The BTC Bottom In? Although BTC has fallen nearly 20% over the past month, some analysts believe further downside may still be ahead. A recent forecast from Standard Chartered suggests BTC could decline another 10% before finding support. Related Reading: Is Bitcoin Showing Early Signs Of Bullish Divergence? Analyst Explains However, there are also signs that BTC may be forming a local bottom. Crypto analyst Ali Martinez noted that sell-side pressure is easing, which could indicate that BTC is stabilizing. Additionally, the Cryptoasset Sentiment Index recently flashed a strong contrarian buy signal, further hinting at a potential price floor for BTC. At press time, BTC trades at $83,508, down 2.5% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
Bitcoin’s price took a hit earlier this week, dropping to $94,000 upon the release of the US Consumer Price Index (CPI) data for January. The data, published on Feb. 12, showed the YoY inflation and core CPI came in above expectations, showing that the inflationary pressures in the US failed to decrease. While Bitcoin has […]
The post Rising CPI data triggered specific selling among US traders appeared first on CryptoSlate.
Under pressure this morning ahead of a coming Trump tariff announcement, the price of bitcoin didn't immediately react to the data.
Bitcoin (BTC) reacted sharply to today’s hotter-than-expected US Consumer Price Index (CPI) report, dropping from around $96,600 to as low as $94,088. Notably, BTC was already trending downward due to escalating geopolitical tensions following Donald Trump’s proposed tariffs on all aluminum and steel imports. Bitcoin Slumps Amid Surprising Inflation Data The latest US inflation data came in higher than anticipated, triggering declines in both equity and cryptocurrency markets. Instead of the expected 0.3% increase, the CPI rose by 0.5% in January, compared to December’s 0.4% reading. Related Reading: Bitcoin Withstands DeepSeek Dip And FOMC Volatility – How Close Is A New ATH? On a year-over-year (YoY) basis, inflation climbed 3%, exceeding forecasts of a 2.9% increase. For those unfamiliar, the CPI measures the average change in prices consumers pay for goods and services over time and is a key indicator of inflation. Meanwhile, Core CPI – which excludes food and energy costs – rose by 0.4% in January, surpassing the expected 0.3% gain. YoY, Core CPI climbed 3.3%, higher than the forecasted 3.1%. As a result, US stocks followed the crypto market downturn, with stock index futures falling roughly 1% after the report. On the other hand, the 10-year Treasury yield jumped 10 basis points to 4.63%, while the Dollar Index (DXY) strengthened by 0.5%. Could There Be More Downside Ahead? Following the CPI release, markets are now pricing in fewer or possibly no interest rate cuts from the Federal Reserve for the remainder of 2025. In an X post, financial journalist Walter Bloomberg noted: Capital Economics’ Paul Ashworth thinks a cut this year looks increasingly unlikely. “With tariffs likely to keep core PCE inflation close to, or above, 3% this year now, the Fed will stand pat for at least the next 12 months.” Treasury yields jumped on the inflation data and are holding on to their gains, with the 10-year at 4.651%, on path for its highest close since mid-January. A reduced likelihood of rate cuts poses additional downside risk for risk-on assets like BTC. Further compounding this uncertainty, Federal Reserve Chair Jerome Powell testified before Congress yesterday, emphasizing that central bank rate cuts remain unlikely in the foreseeable future. Related Reading: Bitcoin Holds Steady Amid NASDAQ Decline, Analyst Calls It ‘Extremely Bullish’ Crypto analyst HurryNFT shared insights on BTC’s price movement following the CPI data release. The analyst noted that while inflation remains above the Fed’s 2% target, Trump is pushing for rate cuts to stimulate the economy. The ongoing friction between the Federal Reserve and Trump could increase market volatility, potentially pushing BTC further down to $92,000. Additionally, the recent US employment report did little to support Bitcoin’s price. On the contrary, however, a recent CryptoQuant report posits that BTC may surge to anywhere between $145,000 to $249,000 under the Trump administration. At press time, BTC trades at $95,240, up 0.8% in the past 24 hours. Featured image from Unsplash, Chart from TradingView.com
Some traders expect a dollar unwind on any indications of a rate cut — which could bump risk assets and provide an entry for crypto investors looking to bet on higher prices.
A soft U.S. inflation report later Wednesday will likely bode well for risk assets, including bitcoin. But those expecting bullish fireworks may be disappointed.
BTC takes a breather as Trump's tariff threat bodes well for gold, and the uptick in Tokyo inflation supports BOJ rate hikes.
Bitcoin heeft het de afgelopen 7 dagen goed weer goed gedaan. Dat is verrassend, want de afgelopen weken leek het er lang op dat er een grondige correctie zou gaan plaatsvinden. Gelukkig was er deze week veel positief nieuws uit de Verenigde Staten, wat het geloof in de Bitcoin koers weer deed aanwakkeren. Daardoor staat Bitcoin op het moment weer boven de $100.000 en is het interessant om te zien wat er de komende dagen gaat gebeuren. Gunstige inflatie in de Verenigde Staten Gunstige inflatiecijfers uit de Verenigde Staten waren de afgelopen weken een van de redenen waarom Bitcoin stijgt. De crypto- en aandelenmarkt maakt zich hier al langere tijd zorgen over, en het economische nieuws wat er in december en januari naar buiten is gekomen, was gemixt. Gemixt nieuws is over het algemeen een slecht teken, omdat dat betekent dat de Amerikaanse centrale bank de rentes hoog moet houden. Hogere rentes zijn over het algemeen slecht voor de cryptomarkt omdat er zo minder geleend geld de markt invloeit. Gelukkig lijkt het ook in januari weer mee te vallen. Op maandag kwamen de Consumer Price Index cijfers naar buiten. Deze CPI cijfers zijn de belangrijkste graadmeter van inflatie in de Verenigde Staten. Analisten hadden verwacht dat, in vergelijking met een jaar geleden, de inflatie op 3% uit zou komen. Het echte cijfer was echter 2,9%. Dat is nog steeds hoger dan de gewenste 2%, maar positiever dan de geschatte 3%. Doordat de inflatiecijfers gunstig uitvallen wordt de kans op renteverlagingen groter. De markt reageerde daar positief op en dat betekende deze week een ommekeer in de Bitcoin koers. Trumps inauguratie zorgt ervoor dat Bitcoin stijgt Daarnaast is Trumps inauguratie al een paar weken het onderwerp van gesprek. Zoals we allemaal weten is Trump heel erg pro-crypto en schatten traders in dat zijn termijn goed zal zijn voor de cryptomarkt. Ook gisteren kwam er weer positief crypto nieuws naar buiten. Zo liet Trump weten open te staan voor het aanleggen van een nationale reserve van Bitcoin. Daarnaast wil hij van crypto een nationale prioriteit maken en regelgeving voor banken versoepelen, zodat het voor hun makkelijker wordt om Bitcoin op de balans te zetten. Dit alles heeft ervoor gezorgd dat Bitcoin stijgt. Presales die gaan profiteren als Bitcoin stijgt Nu de marktomstandigheden er weer beter uit beginnen te zien, is het tijd om te kijken hoe jij ook dit jaar kunt gaan profiteren van een Bitcoin bull run. Immers, als Bitcoin stijgt, dan doen andere altcoins dat ook. Om ervoor te zorgen dat jij de beste deals vindt in deze drukke cryptomarkt is het cruciaal om op zoek te gaan naar crypto presales. Presales zijn momenten waarop veelbelovende coins voor het eerst op de markt worden gebracht tegen een extreem lage prijs. Zo hebben bijvoorbeeld Ethereum en Solana in het verleden presales gehad die tussen de $18-25 miljoen ophaalde. Traders die toen zijn ingestapt hebben tienduizenden procenten rendement verdient. Wall Street Pepe Als je dacht dat de eerder genoemde presales van Ethereum en Solana het vroeger goed hebben gedaan, dan heb je die van Wall Street Pepe nog niet gezien. De teller van deze crypto presale is ondertussen als over de $50 miljoen heen! Veel traders hebben zich positief uitgelaten over de community die er achter deze coin zit en de ontwikkelaars die het mogelijk maken. De ontwikkelaars van $WEPE hebben namelijk een hekel aan crypto whales en insiders. Deze grote cryptospelers vergallen, in de ogen van de ontwikkelaars, de markt voor kleinere traders. Precies om die reden willen ze ervoor zorgen dat hun community met kleinere traders veel geld gaat verdienen. Zo krijg je, als je $WEPE koopt, toegang tot deze exclusieve community. In deze community delen de ontwikkelaars de laatste informatie rondom het project alleen met jou. Zo kan jij dus snellere en betere beslissingen nemen voordat de rest van de markt hier vanaf weet. Het resultaat is dat je rendement omhoog schiet! Daarnaast ontmoet je hier natuurlijk ook veel andere succesvolle traders waarmee je ideeën uitwisselt en zo samen nog rijker wordt. Gezien het grote succes van deze presale is het waarschijnlijk een kwestie van tijd voordat de voorraad die voor de presale bestemd is, weg is. Wees er dus snel bij! Nu naar Wall Street Pepe Solaxy In een wereld die gedomineerd wordt door meme coins is het top om te zien dat er ook projecten zijn met daadwerkelijke utility. Solaxy is zeker zo’n project! Dat komt doordat Solaxy een layer-2 oplossing is voor de immens populaire Solana blockchain. Voor de traders die dit niet weten: Solana was vorig jaar de snelstgroeiende blockchain. Maar liefst 7600 projecten werden toegevoegd, waaronder een hoop DeFi applicaties. Dat is verrassend, want juist DeFi applicaties hebben nogal een moeite met Solana. Zo is Solana snel en goedkoop, maar heeft het last van mislukte transacties en netwerkcongestie. Dat maakt de betrouwbaarheid van het netwerk voor DeFi applicaties laag. Precies daarom is Solaxy zo’n innovatie! Met Solaxy hebben DeFi ontwikkelaars namelijk een netwerk wat snel en goedkoop is, en daarnaast geen last heeft van mislukte transacties of netwerkcongestie. Dat komt doordat Solaxy ook gebruikmaakt van de liquiditeit van het Ethereum netwerk. Het zal dus een kwestie van tijd zijn voordat dit netwerk populair wordt onder deze doelgroep. Dat zal resulteren in een grote prijsstijging van de native token van het platform, $SOLX. Vanzelfsprekend kun je daar als slimme trader daar nu alvast je voordeel mee doen door deel te nemen aan deze presale! Nu naar Solaxy Best Wallet De presale van Best Wallet mogen we ook zeker niet vergeten. Het unieke van deze crypto presale is namelijk dat Best Wallet een bewezen concept is. Zo heeft deze crypto wallet al meer dan honderduizend gebruikers op iOS en Android. Het resultaat is dat er al een gigantische markt is voor de presale van $BEST. Dat is ook de reden waarom de teller ondertussen al de $7 miljoen voorbij is. Maar wat maakt de presale van $BEST zo interessant? Omdat gebruikers van dit platform met $BEST in hun portfolio verschillende voordelen hebben. Zo zijn hun transactiekosten later op de gedecentraliseerde exchange én de debit card die ook aan dit platform gelinkt zijn. Daarnaast krijg je met deze coin toegang tot exclusieve presales die je nergens anders vindt. Het resultaat is dus dat snelle traders deze coin nodig hebben om de nieuwste presales te kopen. Zowel de lagere kosten als de mogelijkheid om beter te traden maken dit voor gebruikers een interessante investering. Nu naar Best Wallet
“Higher-than-expected inflation could trigger equity market volatility, potentially dragging Bitcoin lower,” Bitfinex’ head of derivatives told Cointelegraph.
Sustained outperformance may hinge on whether US President-elect Donald Trump implements pro-crypto policies once he takes office on Jan. 20.
Bitcoin has been consolidating in a range 10%-15% below record highs as investors largely tempered expectations of further interest rate cuts.
The combined supply of top four stablecoins has stabilized with barely any change over the 30-day period.
Neutral in the short-term, bullish in the long-term. With that view in mind, pro traders explain that a certain “player versus player” mindset is at play in the crypto market this month.
The push for crypto adoption is getting stronger as individual states explore plans to use state funds to buy Bitcoin. North Dakota is the latest state to join the conversation after both houses approved the recommendation. Related Reading: Could Germany’s Bitcoin Push Set A New Standard In Digital Currency? Under House Concurrent Resolution No. 3001, […]
“If Washington D.C. can ruin something, it likely will. And it is certainly ruining the US Dollar,” said Senator Deevers after introducing the bill.
A recent report by digital assets research firm 10x Research highlights that the US Federal Reserve’s (Fed) stance on interest rate cuts remains the most significant hurdle that could dampen the current Bitcoin (BTC) rally. Bitcoin’s Trump-Fuelled Rally At Risk Ahead Of FOMC Meeting Since pro-crypto Republican candidate Donald Trump secured victory in the November presidential election, Bitcoin has climbed an impressive 47%, rising from approximately $67,500 on November 4 to around $99,700 as of January 6. Related Reading: Metaplanet Bitcoin Reserves Grow With Fresh $61 Million Purchase While further gains are anticipated during the so-called “Trump rally” leading up to the January 20 inauguration, the momentum might stall ahead of the Federal Open Market Committee (FOMC) meeting later in January, says 10x Research’s Markus Thielen. Thielen predicts a “positive start” to January for BTC, followed by a slight dip before the Consumer Price Index (CPI) inflation data release on January 15. A favorable CPI report could reignite optimism, potentially fueling another rally before Trump’s inauguration. However, Thielen cautions that bullish momentum may wane ahead of the FOMC meeting on January 29. Latest data from CME Group’s FedWatch tool shows that interest rates are likely to remain unchanged following the upcoming FOMC meeting. The tool currently predicts a 90.9% chance of interest rates remaining 425 and 450 basis points (BPS). Bitcoin’s decline of approximately 15% to $92,900 following the December 18 FOMC meeting underscores the Fed’s significant influence. This drop came after the Fed signaled only two rate cuts for 2025 instead of five, reinforcing Thielen’s view that the Fed’s decisions are the “primary risk” to BTC’s current bullish trajectory. Thielen stated: We anticipate lower inflation this year, though it may take some time for the Federal Reserve to recognize and respond to this shift formally. Thielen also cited institutional participation as a key factor influencing Bitcoin’s short-term price action, with metrics like stablecoin minting rates and crypto exchange-traded fund (ETF) inflows serving as indicators of institutional interest. Institutional Interest In Bitcoin Continues To Rise Although US spot Bitcoin ETFs faced significant outflows at the end of December, fresh inflows have sparked optimism about rising institutional interest in the premier cryptocurrency. Data from SoSoValue notes that spot Bitcoin ETFs saw $908 million in inflows on January 3. Related Reading: Bitcoin May Face ‘Demand Shocks’ In 2025 Due To Growing Institutional Interest: Report In addition, several major BTC mining firms such as MARA and Hut 8 are bolstering their BTC reserves. Technology firms such as Canada-based video-sharing platform Rumble also recently unveiled a $20 million BTC treasury strategy. A separate report by cryptocurrency exchange Bitfinex predicts Bitcoin could surge to $200,000 by mid-2025, despite minor price pullbacks. At press time, BTC trades at $101,555, up 3.7% in the last 24 hours. Featured image from Unsplash, charts from 10x Research, CME FedWatch and Tradingview.com
Investors are boosting Bitcoin allocations as a hedge against geopolitical uncertainty, the bank said.
Bitcoin is capturing global attention as its price surges toward the monumental $100,000 mark, a level that holds psychological and technical significance in the cryptocurrency market. This move is backed by strong market support and rising optimism among institutional and retail investors. The current uptrend showcases Bitcoin’s resilience as key support levels have successfully absorbed selling pressure, paving the way for sustained bullish momentum. Analysts suggest that the ongoing rally could redefine market dynamics, potentially attracting a new wave of capital and solidifying BTC’s dominance in the crypto space. Approaching this critical benchmark, Bitcoin faces its next big test, which is breaking through the $100,000 resistance level. Surpassing this level could open the door for even higher price levels as investor confidence reaches new heights. On the other hand, failure to breach this milestone might trigger a short-term correction, offering a strategic entry point for those waiting on the sidelines. Recent Move Signals Uptrend For BTC Bitcoin’s recent rally can be ascribed to several key factors. Institutional investors have increasingly embraced Bitcoin, recognizing it as a store of value and a hedge against inflation. Related Reading: Bitcoin Price Climbs: Is This the Start of a Bigger Rally? Additionally, growing adoption from retail investors with Bitcoin’s limited supply has created a perfect storm for price appreciation. As Bitcoin pushes higher, strong support levels have allowed it to maintain its bullish trajectory, with each price surge being met with healthy buying interest Technical indicators also point to continued upside potential. Momentum oscillators, such as the Relative Strength Index (RSI), are currently in favorable positions, suggesting that Bitcoin’s uptrend is likely to continue in the near term. Furthermore, the price has consistently maintained above critical moving averages, reinforcing the overall optimistic sentiment in the market. As Bitcoin nears the $100,000 mark, it may face new challenges, including potential resistance levels and heightened volatility. However, the cryptocurrency’s ability to maintain strong support, coupled with an increasingly positive market environment, positions it for continued growth. If Bitcoin can break through the $100,000 level and sustain its momentum, it may set the stage for a new growth phase, targeting higher levels in the future. Can Bitcoin Maintain Its Upward Trajectory Beyond $100,000? If Bitcoin breaks through the $100,000 mark and sustains its upbeat momentum, it could open the door to more growth, targeting the $104,268 resistance level. A decisive move above this level might drive Bitcoin toward the next hurdle at $108,311. Related Reading: Bitcoin Set For Encounter With Key $99,900 Price Level – Analyst However, should BTC fail to surpass the $100,000 resistance level, it may face increased selling pressure and a possible pullback to its previous low of $93,257, where bullish momentum can be reignited. Featured image from iStock, chart from Tradingview.com
Following the Federal Open Market Committee (FOMC) meeting on December 18, global equity market indices have experienced a slight downturn. However, Bitcoin (BTC) has held steady, trading in the mid-$90,000 range at the time of writing. Bitcoin Steady Amid Speculations Of Slower Interest Rate Cuts After over a year of consecutive interest rate hikes, the […]
Even with Bitcoin surging past $100,000 for the first time, some critics have remained skeptical about the cryptocurrency’s future.
Crypto execs are confident that it won’t be easy to enforce Brazil’s self-custodial stablecoin ban, with many examples proving that further decentralization is inevitable.
The company announced the acquisition of $1 million in Bitcoin and other cryptocurrencies on Dec. 20, triggering a 10% drop in its stock.
The Bitcoin to gold ratio hit a new ATH at 40 gold ounces per BTC as the Bitcoin price peaked above $106,000 on Dec. 16.