Synopsis
U.S. consumer prices rose by 0.2% in February, slowing from a 0.5% increase in January. Excluding food and energy, core CPI also increased by 0.2%, down from 0.4% the previous month. This data was closely monitored amid weaker economic indicators and the potential inflationary impact of Trump’s tariff policies.
Bitcoin and major cryptocurrencies surged on Thursday after softer U.S. inflation data eased economic concerns.
U.S. consumer prices rose 0.2% in February, slowing from 0.5% in January. Excluding food and energy, core CPI also increased 0.2%, down from 0.4% the previous month. The data was closely watched amid softer economic indicators and the potential inflationary impact of Trump’s tariff policies.
However, analysts noted that the cooling inflation components would not directly impact the Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures (PCE) price index. Producer price data due later on Thursday was also under scrutiny.
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TOP COIN SETSCrypto Blue Chip – 5-9.18% BuyNFT & Metaverse Tracker-12.09% BuySmart Contract Tracker-12.88% BuyDeFi Tracker-13.88% BuyAI Tracker-17.67% BuyTOP COINS (₹) BNB50,321 (4.45%)BuyXRP194 (2.86%)BuyBitcoin7,231,927 (1.51%)BuySolana10,782 (1.13%)BuyEthereum162,316 (-0.57%)BuyAs of 10:44 AM IST, Bitcoin gained over 2% to $83,358, after hitting an intraday high of $84,358. Ethereum rose 0.2% to $1,874, while the global crypto market cap increased 2.1% to $2.69 trillion in the past 24 hours.
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View Details »Among altcoins, Solana gained 1.4%, XRP surged 3.4%, and Dogecoin jumped over 5%. BNB rallied 5.9%, boosted by investment firm MGX’s $2 billion commitment to Binance.
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“Bitcoin has demonstrated resilience, surging over 2% despite market challenges. This comes after a lower-than-expected U.S. CPI report, which typically supports bullish sentiment. However, trade tensions have tempered enthusiasm,” said Shivam Thakral, CEO of BuyUcoin.
Edul Patel, CEO of Mudrex, noted, “Bitcoin is trading between $80,000 and $84,000 as trade tensions escalate. While softer CPI data initially drove a rally, the EU’s counter-tariff announcement triggered profit booking. Investors should monitor the US’s response as it could bring further volatility.”
He further noted, “$80,000 remains a key support level for Bitcoin—if breached, a move towards $75,000 is possible.”
Also Read: Trump signs order to establish strategic bitcoin reserve
Bitcoin’s market capitalization slipped to $1.652 trillion, with dominance at 61.32%. Its 24-hour trading volume dropped 21% to $38.19 billion, while stablecoin volumes accounted for 94.39% of total crypto trading at $94.6 billion, according to .
Also Read: Trump’s Strategic Bitcoin Reserve plan: What’s next for crypto? Here’s what experts think
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
