#CryptoCPIWa tch kThe April 2025 Consumer Price Index (CPI) report indicates a moderate inflation environment, with the U.S. annual inflation rate slowing to 2.3%—the lowest since February 2021. Core inflation remained steady at 2.8%. This deceleration occurred despite recent tariff implementations, suggesting that their full impact has yet to materialize.([Axios][1], [Reuters][2], [Axios][3])
In the cryptocurrency market, Bitcoin (BTC) is currently trading at \$104,049, reflecting a 1.2% increase from the previous close. Ethereum (ETH) stands at \$2,573.55, up 3.3%. XRP is priced at \$2.55, a slight decline of 0.8%. Solana (SOL) has risen to \$177.71, marking a 2% gain, while Cardano (ADA) is at \$0.81, down 1.7%.
The crypto market's response to the CPI data has been cautiously optimistic. Bitcoin experienced a brief dip below \$102,400 due to profit-taking ahead of the inflation report but has since rebounded. Analysts suggest that the current inflation figures may provide the Federal Reserve with room to maintain or adjust interest rates, potentially influencing crypto market dynamics in the coming
Looking ahead, the full effects of the recent tariffs are expected to surface in the summer, potentially impacting both traditional and crypto markets. Investors should remain vigilant, as these developments could introduce new volatility and opportunities within the cryptocurrency landscape.([Axios][3])
CPI data shows benign pre-tariff inflation"
US consumer prices rise moderately in April"
☔️ Calm before storm"
Bitcoin slips below $102,400 amid profit booking ahead of US inflation data; Altcoins decline up to 7%"