Gate News report, on April 9, U.S. March CPI (consumer price index) data will be released on Friday (April 11). The market expects the year-over-year rate to jump from 2.4% in February to 3.4%, but the Bitcoin market has reacted calmly. In the options market, volatility is currently priced at only about a 2.5% trading range. The BVIV index (Bitcoin 30-day implied volatility index) has fallen to 46.5%, the lowest level since January 31. Traders generally view this data as a non-material event. This CPI release is drawing significant attention mainly due to an energy shock triggered by the Iran war—U.S. gasoline prices in March broke above $4 per gallon for the first time since August 2022. Several analysts noted that soft data would restart expectations for rate cuts, while hot data would strengthen the “higher rates to stay higher for longer” narrative, having an asymmetric impact on the crypto market.
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