New York's latest survey is giving a smile to investors. While Donald Trump announces a new round of customs tariffs, expectations of inflation at one year fall to 3 %. A new one perceived as a green light by the Crypto market. The proof: the price of bitcoin is gradually increasing.
In short
- American inflation fell to 3 %. This supports the rise in bitcoin around $ 109,000.
- Despite Trump's new prices, the markets remain confident and Bitcoin won 2.41 %.
Bitcoin flirts with $ 109,000 thanks to inflation withdrawal
Good news for the Crypto market! Fears related to inflation is fading in the United States. According to the study Published Tuesday by the New York Fed, the Americans anticipate an increase in prices limited to 3 % within a year (against 3.2 % the previous month).
This level is lower than projections and close to pre-trump standards. This immediately impacted the course of Bitcoin. It has a slight increase of 0.74 % over the last 24 hours. Currently, the BTC is exchanged Between $ 107,499 and $ 109,191. Its price therefore remains securely anchored above $ 108,000.
That's not all! Over a period of 7 days, Bitcoin also won 2.41 %. According to CoinmarketCap, its capitalization reached 2.16 trillion dollars.
Trump relaunches customs tariffs, but the markets are still on Bitcoin
Donald Trump published the official copies of his Letters of increase in customs tariffs. In principle, the new taxes will come into force on August 1. That said, the financial markets have reacted against all expectations. The inflation measured by the CPI index even came to 2.4 % in May. It is therefore below the level of 2.6 % expected.
Result: despite Trump's announcement, investors favor Bitcoin as a refuge value. Trading volumes that remained stable at $ 45.2 billion is proof of this. Even term contracts have hardly changed. Which attests controlled volatility!
Macro signals in the United States are therefore encouraging for Bitcoin, even in full political uncertainty. If inflation continues to reflect, cryptocurrency could cross a new level. File to follow …
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