Bitcoin and Ethereum saw significant price increases following a report showing that U.S. consumer prices rose less than expected in March. The Consumer Price Index (CPI) increased by 2.4% annually, below the anticipated 2.6%, while core inflation grew by 2.8%, also less than expected. This positive inflation news, combined with President Trump's decision to postpone tariff hikes for 90 days, provided much-needed market relief. Bitcoin's price surged to around $82,000, gaining 7.5% in a single day, with Ethereum and Litecoin also increasing by approximately 11%. Analysts indicate that the reduction in tariffs may alleviate some inflation pressures, potentially allowing for a sustained uptrend in cryptocurrency prices. The data comes after two consecutive months of declining inflation rates, stirring hope for continued positive trends in the market.

Source 🔗