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The US Consumer Price Index (CPI) for March 2026 rose 3.3% year-over-year, which is below Wall Street’s median forecast of 3.4%.

This marks the highest inflation rate since May 2024, mainly driven by rising energy prices linked to the Iran conflict.

Bitcoin and other cryptocurrencies responded positively, with Bitcoin surpassing $72,000 after the CPI release.

* Core Inflation and Broader Impact:

Core CPI (excluding food and energy) increased by only 0.2% month-over-month, less than expected.

The softer inflation data has led to renewed attention in both crypto and gold markets, as investors seek assets that can hedge against inflation.

* Implications for Monetary Policy and Crypto;

Despite the lower-than-expected CPI, analysts suggest an April rate cut by the US Federal Reserve remains unlikely.

The crypto market, especially Bitcoin, has shown strong gains following the CPI announcement, reflecting investor optimism about inflation trends and potential monetary policy shifts.#DYOR#CPIReport #Memecoins🤑🤑 #WKCCat #TIWICAT #bob#$KIN
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