#CPI&JoblessClaimsWatch The US Consumer Price Index (CPI) and jobless claims have been making waves in the financial world, particularly in the crypto market.

*CPI Data:*

- The CPI for March 2025 came in at 2.4%, lower than the forecasted 2.5% and down from 2.8% in the previous month.

- This drop in inflation could lead to a more dovish Federal Reserve policy, potentially driving capital into risk assets like Bitcoin.

- The CPI report showed a bigger-than-expected drop in inflation, sparking discussions on potential Federal Reserve rate cuts.

*Jobless Claims:*

- Initial jobless claims in the United States for the week ending April 5 reached 223,000, slightly higher than the previous week's 219,000.

- Continuing claims dropped to 1.85 million, better than the expected 1.886 million.

- The labor market looks stable, indicating strength and potentially being bullish for risk assets if the Fed leans dovish.

*Market Reaction:*

- A lower-than-expected CPI can boost equity markets, the US dollar, and crypto assets.

- However, a higher CPI might trigger panic selling and mixed numbers could bring short-lived price swings.

- Traders are advised to stay updated, avoid emotional trades, and do their own research before reacting to the data.

*Bitcoin's Performance:*

- Bitcoin's price surged to around $95,000-$96,000 after the CPI report, with its dominance at 62.4%.

- Some analysts believe the recent CPI data and jobless claims could be bullish for Bitcoin, while others warn of potential volatility.