The U.S. Bureau of Labor Statistics (BLS) has just released the numbers for the January 2025 Consumer Price Index (CPI). These statistics offer us key insights into inflation trends, potential shifts in monetary policies, and their direct impact on financial markets like Wall Street and Crypto.
Without beating behind the bush, let us dive straight into the specifics and see how the crypto market has reacted.
According to the latest numbers released by the Bureau of Labor Statistics (BLS), the CPI for January 2025 has risen by 0.1% compared to Wall Street’s prediction of 0.3%. Talking about Year-over-Year numbers, inflation stands at 2.9%. That being said, the core CPI excluding food and energy prices came in at 3.3% from the previous 3.2%, which is miles away from the FED’s target of 2%.
These inflation numbers, remarks from the U.S. FED Chair Jerome Powell, and any new updates on tariffs from the Trump government will play a pivotal role in determining the direction of the U.S. interest rates.
The crypto market has responded negatively to the numbers released. While the total market cap of the business saw a change of -1.6%, the intraday trade volumes registered a difference of +3.93%. Talking about leading cryptocurrencies Bitcoin, Ethereum, and XRP, while BTC price changed by -2.74%. ETH was -3.27%, and XRP saw a change of -2.45%.
Crypto proponent Michael van de Poppe in his X post cites that the market will take time to recover after a massive capitulation of last week. He is optimistic about the crypto prices gradually moving upwards, after some minor consolidation and sideways trend.
The Consumer Price Index for the month of January 2025 stands at 3%.
The CPI is calculated basis the price change for a sample of items, gauged by their importance. It is a price estimate for the entire month and not a specific date.
CPI (Consumer Price Index) measures the average price change paid by consumers for goods and services, while PPI (Producer Price Index) tracks price changes at the wholesale level before they reach consumers.
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