Recent U.S. economic data, particularly the S&P PMI report, has highlighted a surprising increase in average prices since August 2022. This surge, as indicated by the initial release, is largely attributed to tariffs and agreements, impacting both growth and consumer sentiment. The services PMI fell short of expectations, while manufacturing also performed below forecast, signaling an overall slowdown driven by trade tensions. While the Federal Reserve remains cautious in its approach to interest rate cuts, they anticipate that delayed effects will ultimately lead to a shift towards more aggressive action as inflation declines and economic effects become clearer. Meanwhile, cryptocurrency markets are experiencing significant growth despite these challenges. Global stock markets have shown signs of recovery, fueled by easing treasury bond sales. According to Binance TR data, Bitcoin (BTC) reached its highest price yet at $111,150, while Avalanche (AVAX) saw impressive gains in the top gainer rankings. Ethereum (ETH) is currently facing a temporary pause in the upward trend, with investors closely monitoring its chart as volatility in the BTC market could trigger further growth for ETH and its altcoin counterparts. Despite this uncertainty, the total cryptocurrency market capitalization stands at $3.5 trillion, with volume surpassing $200 billion and Bitcoin dominance at 63%. This article originally appeared on COINTURK NEWS.