Crypto Market Rocked by US Inflation Data, Experts Predict Volatility

US inflation data has sent ripples through the cryptocurrency market, shaking investor confidence and driving volatility. Key figures released yesterday show a lower-than-expected CPI rate (2.4%) for March compared to analyst predictions of 2.5%. This unexpected outcome could impact Federal Reserve policy decisions, potentially leading to earlier interest rate cuts. The data also revealed a weaker-than-anticipated labor market, with unemployment claims staying relatively steady at 223,000. Analysts predict that the combination of these factors will increase pressure on the Fed regarding monetary policy.