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Analysis: US Inflation Cools for Three Consecutive Months, Cryptocurrency Concept Stocks Rise Against the Trend

Analysis: US Inflation Cools for Three Consecutive Months, Cryptocurrency Concept Stocks Rise Against the Trend

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ChaincatcherChaincatcher2025/05/13 15:42

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

  • CEX stock price rose 16% in a single day to $240
  • Stock prices of mining companies like Marathon Digital also increased
  • Both the S&P 500 Index and the Nasdaq Index saw gains

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

 
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