US consumer prices rose 0.2% in February, down 0.5% in January. Except for food and energy, core CPI also rose 0.2%, which is below 0.4% of the previous month. Data was closely viewed amid potential inflation impact of soft economic indicators and Trump’s tariff policies.
However, analysts have noted that the components of the cooling inflation will not directly affect the Federal Reserve’s selected inflation measures, personal consumption costs (PCE) price index. On Thursday, the productive price data was also under scrutiny.
Until 10:44 in the morning, Bitcoi, after hitting the intraday high of 84,358, increased the $ 83,358 by more than 2%. Ethereum rose 0.2% to 1,874 DTO, while the Global Crypto Market Cap rose 2.1% to $ 2.69 trillion in the last 24 hours.
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In Altcoins, Solana increased 1.4%, XRP increased 3.4%, and Dogkoin increased more than 5%. The BNB was a 9.9%rally, which was accelerated by the investment firm MGX by a $ 2 billion commitment to Binance.
“Bitcoin has shown elasticity, more than 2% is increasing despite market challenges. This comes after less than expected US CPI report, which generally supports the boom spirit. However, there is enthusiasm for trade tensions,” said Biucoin CEO Shivam Thackerel.
Mudrex CEO Edule Patel noted, “Bitcoin trade is trading between 80,000 and 000 84,000, as soon as the soft CPI data was initially run by a rally, the EU’s counter-tariff announcement should be made a profitable booking.
He further noted, “, 000 is the main support level for 80,000 Bitcoin – if a break, a step towards 000 75,000 is possible.”
Also Read: Trump ordered to establish strategic Bitcoin reserves
Bitcoin’s market capitalization gained $ 1.652 trillion, with dominance at 61.32%. Its 24-hour trading volume dropped 21% to.1 38.19 billion, while according to the Synmarketcap, the stablecoin volume is up to 94.39% of total crypto trading.
Also read: Trump’s strategic Bitcoin Reserve Plan: What’s the next for crypto? Here’s what experts think
(Connection: The recommendations, suggestions, opinions and opinions provided by experts have their own. This does not represent opinions of economic time)
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