$ETH The latest U.S. inflation data has sparked optimism in financial markets, especially among crypto investors. According to the Labor Department, the Consumer Price Index (CPI) rose by 0.1% in March, easing from 0.2% in February. On a year-over-year basis, CPI dropped to 2.4%, down from 2.8% the previous month and below Wall Street’s forecast of 2.6%.

In addition, Core CPI—which excludes volatile food and energy prices also showed signs of cooling. It rose by just 0.1% in March, bringing the annualized Core CPI down to 2.8%, from 3.1% in February and below the market expectation of 3%.

These lower-than-expected inflation figures have reinforced market confidence, triggering speculation about a potentia