The recent US inflation data has brought optimism back to the cryptocurrency markets, notably impacting Bitcoin and altcoins. The Personal Consumption Expenditures (PCE) inflation fell to 2.5%, aligning with forecasts. This decline, the first since September 2024, signals potential relief for the crypto sector.
Crypto analyst BACH emphasized the bullish nature of the inflation data, cautioning against excessive optimism while noting improved core numbers. Meanwhile, Bitcoin rebounded above $84,000, recovering from its earlier decline. Altcoins like Ethereum, XRP, and Solana also saw gains, with Solana benefiting from upcoming futures from CME Group.
Macro analyst Julien Bittel highlighted easing financial conditions as a foundation for crypto recovery, suggesting current market volatility reflects past tightening. As Bitcoin traded at $83,804, optimism around reduced inflationary pressures and a potential rate cut grows.
