The United States Bureau of Labor Statistics (BLS) published the Consumer Price Index (CPI) data for March, showing a 0.9% month-over-month rise in headline CPI inflation.<\/p>\n
CPI inflation is up 3.3% year-over-year, according to the BLS report<\/a> published Friday. Although inflation came in slightly lower than analyst expectations<\/a>, inflation remains elevated above the Federal Reserve\u2019s 2% target.<\/p>\n A surge in energy prices from the Iran war<\/a> drove March\u2019s inflation figures, with the energy index rising by nearly 11%, led by a 21.2% rise in gasoline prices<\/a>, the BLS report said.<\/p>\n Managing inflation is part of the Federal Reserve\u2019s dual mandate of price stability and maximum employment, which influences its decision-making on interest rates and broader monetary policy. <\/p>\n Bitcoin (BTC<\/a>) and cryptocurrency prices are significantly impacted by interest rate policy<\/a>, with lower interest rates stimulating asset prices by expanding credit that flows into financial markets and higher rates restricting capital flows and asset prices.<\/p>\n Related: <\/strong><\/em>Bitcoin steadies after PCE inflation data, $80K target remains<\/strong><\/em><\/a><\/p>\n Investors forecast a 0% chance of an interest rate cut at the April Federal Open Market Committee (FOMC) meeting, according to CME Group\u2019s FedWatch tool<\/a>.<\/p>\n The odds that the FOMC will keep rates on hold are 98.4%. Rate cut odds increase only incrementally throughout the year. <\/p>\n FOMC members are divided on further rate cuts<\/a> in 2026, due to inflationary pressures from the ongoing war, and rate hikes have not been ruled out.<\/p>\n The price of Bitcoin (BTC<\/a>) rose by over 1.5% on Friday, briefly tapping the $73,000 level<\/a> following the latest CPI print.\u00a0<\/p>\n \u201cThe $73,000\u2013$75,000 zone is our next major target,\u201d said Matt Mena, senior crypto research strategist at crypto exchange-traded product provider 21shares. <\/p>\n \u201cIf BTC clears this, expect a brief period of sideways consolidation before a test of $80,000. Should the Clarity Act pass, the stage is set for $100,000 BTC and a $3 trillion\u2013$3.2 trillion total crypto market cap by the end of Q2,\u201d he added.<\/p>\n Magazine: <\/strong><\/em>Big Questions: Can Bitcoin save you from the dreaded Cantillon Effect?<\/strong><\/em><\/a><\/p>\n <\/div>\n The United States Bureau of Labor Statistics (BLS) published the Consumer Price Index (CPI) data for March, showing a 0.9% month-over-month rise in headline CPI inflation. CPI inflation is up 3.3% year-over-year, according to the BLS report published Friday. Although inflation came in slightly lower than analyst expectations, inflation remains elevated above the Federal Reserve\u2019s […]<\/p>\n","protected":false},"author":2,"featured_media":423962,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-423953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/423953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=423953"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/423953\/revisions"}],"predecessor-version":[{"id":423963,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/423953\/revisions\/423963"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/423962"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=423953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=423953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=423953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Traders see no chance of interest rate cuts at April Fed meeting<\/h2>\n
![\"Federal](\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d781b-df3e-7029-af5b-0495379e7947.png\"\/)
Bitcoin rises on latest CPI print<\/h2>\n