CPI %3,3: Inflation Rose, BTC Surged to 78K
BTC/USDT
$29,610,601,445.31
$63,239.06 / $59,102.70
Change: $4,136.36 (7.00%)
-0.0001%
Shorts pay
U.S. Bureau of Labor Statistics (BLS) released March 2026 Consumer Price Index (CPI) data. Monthly CPI inflation rose by 0.9%, while annually it climbed to 3.3%. The data, slightly below expectations, remains above the Fed's 2% target. Due to the Iran war, energy prices jumped 11%, with gasoline seeing a massive 21.2% increase dominating inflation. These pressures also affected crypto markets.
March CPI Details: Inflation Remaining Above Fed Target
The CPI data showed core inflation (excluding food and energy) remaining steady at 3.1%. While analysts expected 3.4%, the data gave a slight relief signal, but geopolitical risks continue the pressure. As Fed Chair Powell emphasized in his recent speech, more data is needed for a sustainable return to 2%.
Iran War Impact: 21% Jump in Energy and Gasoline Prices
Middle East tensions pushed crude oil higher. Brent oil rose 9%, WTI 10%, and gas station prices hit records. While this brakes consumer spending, it highlights inflation hedge assets like Bitcoin. Experts predict CPI could exceed 4% if the war prolongs.
CME FedWatch: 98.4% Probability of Rate Hold in April FOMC
Investors have priced in 0% chance of rate cut. FOMC members are divided on 2026 cuts: Hawks highlight inflation, doves recession. This uncertainty increases volatility.
BTC CPI Reaction: 1.26% Rise from 73K to 78K
Post-data, BTC jumped 1.5% from 73.000$, currently at 78.019,80$ (+1.26%). RSI at 65.68 in bullish territory, overall trend uptrend but Supertrend giving bearish signal. Click for detailed BTC analysis.
BTC Technical Levels: Strong Support and Resistance Analysis
EMA 20: 74.121$. Here are the critical levels:
| Level | Price | Score | Distance | Sources |
|---|---|---|---|---|
| S1 (Support) | 76.132,95$ | 73/100 ⭐ | -2,85% | Previous Day Low, Fibo 0.382 |
| S2 (Support) | 77.678,73$ | 70/100 ⭐ | -0,88% | S1, Pin Bar |
| R1 (Resistance) | 78.935,48$ | 86/100 ⭐ | +0,72% | R1, Fibo 0.500, Keltner Upper |
| R2 (Resistance) | 83.437,33$ | 63/100 ⭐ | +6,47% | Fibo 0.618 |
If S1 holds strong, R1 breakout targets 80K. Details on BTC futures here.
ALT Coins and Overall Market: Risk-On Mode
ETH and other ALTs rose +2%. Rally expected led by BTC due to inflation hedge demand, but Fed hawkishness could create volatility. Investors should watch S1 support.
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on GoogleRelated Tags
AI-generated, AI-reviewed, under COINOTAG editorial oversight.