the recently released March Consumer Price Index (CPI) showed a year-on-year increase of 2.1%, marking the largest monthly decline since 2020. This development provides the Federal Reserve with potential leeway for policy adjustments in its upcoming May meeting. BRN analyst Valentin Fournier noted that the easing inflation pressures might prompt the Federal Reserve to consider interest rate cuts and relax financial conditions. Following the CPI data release, Bitcoin stabilized at $80,000. However, spot ETFs recorded net outflows for the sixth consecutive day, the longest streak since February, indicating challenges in sustaining bullish momentum. On a positive note, Wall Street crypto funds may soon experience inflows, driven by factors such as cooling inflation, peak tariffs, and regulatory easing expectations with the appointment of new SEC Chairman Paul Atkins.
