Today, crucial updates on inflation and the cryptocurrency market were released, potentially impacting the economic landscape and investment sentiment.
U.S. Inflation Data
The latest U.S. inflation report was released on March 12, 2025, at 8:30 A.M. Eastern Time. Economists predict a milder report for February compared to January. Headline and core inflation are expected to rise by 0.28% on a seasonally adjusted basis, while the 12-month rates are anticipated to slightly decline. Headline inflation is forecasted to decrease from 3.0% in January to 2.9%, and core inflation from 3.3% to 3.2%. Notably, actual inflation figures have shown a downward trend of around 2.4-2.5%.
Crypto Prices Today
Bitcoin has shown a significant rally, reaching approximately $83,014, up by 4.68% over the last 24 hours. Altcoins have also surged: XRP is up 7.42% to $2.193, Dogecoin by 7.67% to $0.1669, and Cardano rebounded from around $0.76. The total cryptocurrency market cap has increased by 4.51% to $2.69 trillion.
New Initiatives in the Crypto Industry
Bitcoin Magazine CEO David Bailey stated that the implementation of the U.S. Strategic Bitcoin Reserve Executive Order would be far more compressed than market expectations, occurring within days and weeks rather than months or years.
The events discussed above could have significant implications for the economy and investor sentiment, highlighting the importance of monitoring changes in inflation and the cryptocurrency market.
