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The cryptocurrency market is closely watching the critical inflation data from the United States, specifically the Consumer Price Index (CPI) figures for March. These figures, recently released, have the potential to influence the Federal Reserve’s monetary policies, thereby increasing market volatility.
U.S. Inflation Data Falls Short of Expectations
For the U.S. CPI data for March, a year-over-year decrease to 2.5% was anticipated. However, the actual figure was lower, coming in at 2.4%. Month-over-month, a 0.1% increase was expected, but the data showed a decrease of 0.1% instead.
$108,458-ve-Altcoin.jpg” alt=”” width=”1024″ height=”683″ />Excluding food and energy, the core CPI was reported at 2.8% year-over-year (expected 3.0%) and 0.1% month-over-month (expected 0.3%). In the labor market, unemployment claims came in at 223,000, matching expectations and indicating a gradual slowdown in the U.S. labor market.
Experts suggest that these latest inflation and labor market figures could increase pressure on the Fed regarding interest rate policies, potentially leading to an earlier interest rate cut.
Declining Inflation in China and Japan
Meanwhile, in China, the CPI for March showed a year-over-year decline of 0.4%, falling short of the expected increase of 0.2%. The drop in producer prices was even more pronounced, with Producer Price Index (PPI) declining to -2.5% against expectations of -2.3%. These figures highlight ongoing weakness in domestic demand and persistent deflationary pressures in the industrial sector.
In Japan, the PPI for March increased by 3.9%, close to the estimated 4.0%. However, bank loans were reported at 2.8% year-over-year, falling below the expected 3.1%.
Market commentator Martyparty characterized April 10 as “a crazy day,” indicating that the anticipated inflation figures from Japan, China, and the U.S. would likely result in high market volatility. As expected, the release of the data has already spurred activity in the cryptocurrency market.
The cryptocurrency market has been exceptionally active since yesterday, especially after Trump’s temporary decision on tariffs affecting multiple countries. With the disappointing U.S. inflation data, significant market movements may arise. Additionally, weak economic data from China might prompt new stimulus measures, indicating a positive scenario for global liquidity, Bitcoin, and altcoins in the medium term.
