After the US March inflation data were announced as 5%, below the expectations, there was an increase in Bitcoin (BTC).
In the past few minutes, the market 5.2% below expectation by 5% announced inflation data, in Bitcoin 600 dollars triggered the rise.
Before disclosure $29,850Bitcoin, which regressed to $30,450up to Ethereum (ETH) $1,900has risen to . Altcoins, on the other hand, were generally green. According to Coinecko data, Bitcoin at the time of writing $30,350traded from.
While inflation was above expectations in January, it was at the level of expectations last month. Although it is thought that it will not increase interest rates after the banking crisis in the USA, the FED made a decision last month in order to reduce inflation. 25 bases had increased by points. With the inflation data announced today coming below expectations, we are ahead of the FED interest rate data. 25 basis points decrease in the expectation of realization probability of not increasing interest rates. is expected to increase.
According to the data released, the USA’s fight against inflation is progressing successfully. With this data, it is expected that there will be a comfort in the global markets and the crypto money market.
However, despite all these predictions, it is a matter of curiosity what kind of policy the FED will follow.