What is the impact on the crypto market?
The American Work Statistical Bureau in the text (BLS) has just issued numbers for the consumer price index in January 2025. (CPI). These statistics offer us a key insight into inflation trends, potential change of monetary policy and their direct impact on financial markets like Wall Street and Cripto.
Without beating behind the bush, dive right into specifics and see how the crypto market reacted.
CPI data: Are the numbers in line with expectations?
According to the latest numbers published by the workouts (BLS), CPI for January 2025. increased by 0.1% compared to 6.3% wall predictions. To talk about numbers for a year old, inflation stands at 2.9%. This is said, the CPI core without food and energy prices came to 3.3% of the previous 3.2%, which is miles away from Merina Feda of 2%.
These feed numbers, the remarks of the American Chairs Fed Jerome Powell and each new updates on tariffs from Trumpov Government will play a key role in determining the directions of American interest rates.
How did the crypto market react?
The Cripto market responded negatively to issued numbers. Although the total market capacity of the business saw a change from -1.6%, the volume of the requested request recorded a difference of + 3.93%. Speaking of the leading crypticulations Bitcoin, Ethereum and KSRP, while the BTC price has changed -2.74%. ET was -3.27%, and the KSRP saw a change -2.45%.
Cripto proposer Michael Van de Poppe in his K post States that the market will need time to recover after a huge capitulation last week. It is optimistic about the CRIPTO price gradually moving upwards, after some smaller consolidation and trend to the side.
Frequently asked questions
Consumer price index for the month of January 2025. year consists of 3%.
The CPI calculates the basis, a price change for the item sample, muttered in importance. It is a price estimate throughout the month, not a specific date.
CPI (consumer price index) measures average price change paid for goods and services, while PPI (pricing index manufacturer) tracks changes at a wholesale level before reaching consumers.
(Tagstotranslate) Cripto News
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2025-02-12 16:37:00