Bitcoin is rising in anticipation of the pro inflation report in the US? Bitcoin rose slightly on Tuesday, continuing the cautious rise, restrained by buyer caution against the backdrop of Trump's new tariffs and in anticipation of important inflation data.
At 10:59 Moscow time, BTC added 0.84%, testing the zone at $98,400. Earlier in the session, the rise was limited to the zone of $98,600. Bitcoin remains in a narrow range from last week as concerns about the global trade war escalated after China's tariffs, followed by Trump's tariffs on steel and aluminum exports. The markets also await data on the US consumer price index, scheduled for Wednesday. The report will help assess the prospects for the Fed rate. These factors largely negate optimism about more favorable regulation through the Trump administration, the expectations of which pushed Bitcoin to a record high of $109,000 in January. Forecasts for the Federal Reserve rate are changing A recent Reuters survey showed that the Fed is likely to postpone further interest rate cuts until next quarter, mainly due to concerns about the rise in inflation as a result of the tariff policy of the new president. According to the survey, economists who previously expected a rate cut in March have now adjusted their forecasts, indicating that the Central Bank may take a more cautious position in response to potential inflationary pressure. Rising interest rates in the USA may have a negative impact on cryptocurrencies as it reduces investors' appetite for riskier assets, increases alternative costs of holding low-yield assets such as Bitcoin, and strengthens the US dollar, which often puts pressure on cryptocurrency markets. Historically Bitcoin has shown the best efficiency in conditions of low interest rates, when excess liquidity promotes speculative operations. Today's cryptocurrencies: altcoins strengthened led by Cardano and Polygon. Most altcoins also rose slightly following bitcoins. The world's second largest cryptocurrency, Ether, rose 3.3% on Tuesday, strengthening to $2718.99. XRP rose 4.4% to $2.5113. Solana rose by 1.1%, Polygon by 7%, and Cardano by 15.5%. Among the meme tokens, Dogecoin rose by 7.1%, while $TRUMP rose by 6.8%.
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Bitcoin is rising in anticipation of the pro inflation report in the US? Bitcoin rose slightly on Tuesday, continuing the cautious rise, restrained by buyer caution against the backdrop of Trump's new tariffs and in anticipation of important inflation data.
At 10:59 Moscow time, BTC added 0.84%, testing the zone at $98,400. Earlier in the session, the rise was limited to the zone of $98,600.
Bitcoin remains in a narrow range from last week as concerns about the global trade war escalated after China's tariffs, followed by Trump's tariffs on steel and aluminum exports.
The markets also await data on the US consumer price index, scheduled for Wednesday. The report will help assess the prospects for the Fed rate.
These factors largely negate optimism about more favorable regulation through the Trump administration, the expectations of which pushed Bitcoin to a record high of $109,000 in January.
Forecasts for the Federal Reserve rate are changing
A recent Reuters survey showed that the Fed is likely to postpone further interest rate cuts until next quarter, mainly due to concerns about the rise in inflation as a result of the tariff policy of the new president.
According to the survey, economists who previously expected a rate cut in March have now adjusted their forecasts, indicating that the Central Bank may take a more cautious position in response to potential inflationary pressure.
Rising interest rates in the USA may have a negative impact on cryptocurrencies as it reduces investors' appetite for riskier assets, increases alternative costs of holding low-yield assets such as Bitcoin, and strengthens the US dollar, which often puts pressure on cryptocurrency markets.
Historically Bitcoin has shown the best efficiency in conditions of low interest rates, when excess liquidity promotes speculative operations.
Today's cryptocurrencies: altcoins strengthened led by Cardano and Polygon. Most altcoins also rose slightly following bitcoins.
The world's second largest cryptocurrency, Ether, rose 3.3% on Tuesday, strengthening to $2718.99.
XRP rose 4.4% to $2.5113.
Solana rose by 1.1%, Polygon by 7%, and Cardano by 15.5%.
Among the meme tokens, Dogecoin rose by 7.1%, while $TRUMP rose by 6.8%.