#CryptoCPIWatch the latest U.S. Consumer Price Index (CPI) data revealed a year-over-year inflation rate of 2.3%, slightly below expectations. This cooling inflation has sparked optimism in the crypto market, with Bitcoin and Ethereum experiencing modest gains. Investors interpret this as a potential signal for the Federal Reserve to consider easing monetary policies, which could be favorable for risk assets like cryptocurrencies. 

However, the market’s reaction has been cautious. Bitcoin’s price slipped below $102,400 amid profit-taking ahead of the CPI release, and altcoins also saw declines. This suggests that while the CPI data provides some relief, investors remain wary of broader economic uncertainties, including ongoing trade tensions.  

In summary, the latest CPI figures offer a glimmer of hope for the crypto market, but it’s clear that investors are proceeding with caution, balancing optimism with the realities of a complex economic landscape.