#DXY Can Trump's tariff pause, and declining inflation keep Bitcoin afloat? Experts weigh in.
Amberdata's Mike Marshall believes that lower CPI data and a halt on tariffs are ineffective in overturning crypto's long-term bearish trend.Douro's Mike Cahill and Unchained's Joe Burnett say bond market collapse and low CPI could boost long-term Bitcoin sentiment.Bitcoin declined 3% on Thursday despite lower-than-expected CPI data and President Trump's 90-day tariff pause.
Bitcoin (BTC) dived below $80,000 on Thursday despite US Consumer Price Index (CPI) data coming in lower than expected and President Donald Trump's 90-day reciprocal tariffs pause on 75 countries. Several experts argued the potential impact of the tariff pause and declining inflation on the crypto market.
😘Bitcoin still in murky waters despite tariff delay and low CPI
Bitcoin declined 3% on Thursday, dropping below $80,000 as the general crypto market dived over 5%. The downturn comes amid the release of March's CPI data — which came in lower-than-expected at 2.4% from 2.8% in February — and President Donald Trump's 90-day tariff pause on 75 countries.
Mike Marshall, Head of Research at Amberdata, told FXStreet that the recent CPI report may be misleading when observing its effect on the broader economic outlook. He explains that the latest CPI data understates upcoming inflation "as inventory buffers delay the impact of tariffs."