Bitcoin, ethereum, XRP and Altcoin prices are reinforced with inflation in the United States

Inflation in the United States decreased in March, causing optimism that the federal reserve will adopt a more tone in the upcoming meetings – with an increase in encryption prices.

Work Statistics Office data showed that the main consumer price index decreased from 0.2 % in February to -0.1 % in March. On an annual basis, inflation decreased from 2.8 % to 2.4 %, putting it on the correct path to reach the goal of the Federal Reserve of 2.0 %.

The primary consumer price index, which was closely monitored, which excludes flying food and energy prices, also decreased from 0.2 % to 0.1 % per month, prompting the annual basic number to 2.8 %. This is the first time in the years when the basic consumer price index decreased less than 3 %.

The low inflation came despite the implementation of the new US definitions on imported goods. President Donald Trump raised the customs tariff on Canadian and Mexican imports to 25 %, which disrupted the USMCA deal negotiated during his first term. The customs tariff for Chinese goods increased by 20 %.

In addition, the United States carried out a new tariff on imported steel and aluminum used in construction and manufacturing.

As a result, the last inflation data is likely to increase the pressure on the Federal Reserve to resume interest rate discounts. The downward trend may continue to inflation, especially after Trump stopped Definitions on the day of liberation In most countries.

Impact on bitcoin prices, ethereum, XRP, and Altcoin

The inflation data in the United States came Bitcoin (BTC) Most of Altcoins such as ethereum (Eth) And ripple (XrpReturn again from its lowest weekly levels. Bitcoin rose and stopped at $ 82,000, while Ethereum and XRP rose to $ 1600 and $ 2, respectively.

American stocks also rose after Trump’s decision to stop some customs tariffs and guide trade representatives to start negotiations with more than 70 countries. However, raising definitions on Chinese imports to 125 %, which exposes more than $ 500 billion of goods at risk.

This decision has a sharp decrease in recession. Goldman Sachs, who strengthened the possibility of recession earlier this week, was the first Wall Street Bank to expand its scope. A Polymers poll With more than $ 2.2 million, it showed that there is a 50 % chance of stagnation, a decrease from this 66 % increase in this week.

Low inflation, especially with the slowdown of economic growth, can push the federal reserve towards reducing the interest rate, which is a result that will serve as a bullish stimulus for bitcoin and other altcoins. For example, the Crypto bull running, which started in early 2023, was fueling by expectations that the Federal Reserve Bank reduce monetary policy with low inflation.