Impact of April CPI on the Cryptocurrency Market
Today, May 13, 2025, at 8:30 AM Eastern Time (3:30 PM Moldovan Time), the U.S. Bureau of Labor Statistics released data on the Consumer Price Index (CPI) for April. The annual CPI is expected to remain at 2.4%, the same as in March.
Market Reaction:
Bitcoin (BTC): Before the data release, BTC fell to $102,393, attributed to profit-taking by traders after a recent surge.
Ethereum (ETH): Also showed a decrease of 1.8%, reaching $2,449.
Altcoins: Many of them dropped in price by up to 7%, except for XRP, which increased by 4.12% to $2.48.
Analyst Predictions:
Analysts at 10x Research believe that stable CPI growth may be perceived positively by the market, potentially leading to Bitcoin reaching new highs.
