Analysis: U.S. inflation has cooled for three consecutive months, while cryptocurrency concept stocks have risen against the trend

2025-05-13 23:18:57

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ChainCatcher news, according to The Block, data from the U.S. Department of Labor shows that the April CPI rose 2.3% year-on-year, lower than the expected 2.4%, while the core CPI remained at 2.8%. The overall inflation rate hit a four-year low and has decreased for three consecutive months. As a result, cryptocurrency-related stocks performed strongly:

Coinbase (COIN) stock price rose 16% in a single day to $240
Mining companies like Marathon Digital saw their stock prices rise as well
Both the S&P 500 index and the Nasdaq index experienced gains

Although the cryptocurrency market overall fell 3.4% that day (with Bitcoin at $103,200), Nansen analyst Aurelie Barthere pointed out that blockchain stocks might be undergoing a "catch-up rebound," as market risk appetite gradually recovers with easing trade tensions. 21Shares expert David Hernandez believes that the easing of inflation may influence the Federal Reserve's interest rate decision in June.

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