BLS' Jan '25 CPI shows potential inflation impact on Wall Street.

US CPI data released: how will it affect the cryptocurrency market? The U.S. Bureau of Labor Statistics (BLS) released data on the consumer price index.

leading #cryptocurrencies , including #Bitcoin , Ethereum and #XRP , changed by -2.74%, -3.27% and -2.45%. the U. S. Bureau of Labor Statistics (BLS) released data on the consumer price index for January 2025. Consumer Price Index (CPI) data for January 2025 has just been released. This statistic provides important insight into inflation trends, potential monetary policy changes, and their direct impact on financial markets such as Wall Street and cryptocurrencies. Let’s take a look at how the #cryptocurrency markets have reacted. Consumer Price Index data: Is the figure in line with expectations? According to the latest data released by the Bureau of Labor Statistics (BLS), the Consumer Price Index rose 0.1% in January 2025, compared to Wall Street’s forecast of 0.3%. On a year-over-year basis, the index rose 2.9%. On the other hand, the core CPI, which excludes food and energy prices, came in at 3.3% from the previous reading of 3.2%, well below the Fed’s 2% target. These inflation data, comments from Fed Chairman Powell and new tariff data from the Trump administration will play an important role in determining the direction of interest rates in the US. How did the cryptocurrency market react? The overall market volume amounted to -1.6%, while intraday trading volumes showed a difference of 3.93%. As for the major cryptocurrencies Bitcoin, Ethereum, and XRP, the price of BTC fluctuated by -2.74%, ETH by -3.27%, and XRP by -2.45%. In his post X, cryptocurrency proponent Michael Van de Poppe noted that it will take time. He noted that it will take time for the market to recover. What is the current CPI level?

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