Crypto Prices Surge Today – Will US CPI Data Spark a Reversal?

By / / Crypto News, Daily News
Crypto Prices Surge Today – Will US CPI Data Spark a Reversal?
Table Of Contents
  1. Key Reasons Behind the Crypto Market Surge
  2. What Could Derail the Current Rally?
  3. Final Thoughts: Will the Rally Continue?

The global crypto market just saw a sharp upswing, catching the attention of investors around the world. According to CoinMarketCap, the total market cap has climbed to $2.6 trillion, marking a 5.84% increase in the past 24 hours. Trading volume also spiked, up 20.07% to reach $156.47 billion. But what’s fueling this sudden rise?

Here’s a breakdown of the key factors driving today’s crypto momentum—and what could bring it to a halt.

Key Reasons Behind the Crypto Market Surge

Trump’s 90-Day Tariff Freeze Brings Temporary Relief

In an unexpected move, former U.S. President Donald Trump announced a 90-day pause on tariff hikes for over 75 countries. This comes despite plans to raise tariffs on China from 104% to 125%.

The announcement has eased some global economic concerns in the short term, giving crypto markets a chance to bounce back and recover lost ground.

Source: Truth Social

Paul Atkins Takes Over as SEC Head

Paul Atkins has been confirmed as the new head of the U.S. Securities and Exchange Commission (SEC) as of April 9. Known for supporting crypto innovation, Atkins is expected to push for clearer regulations and a more flexible framework for digital assets.

This leadership change has boosted investor confidence and added momentum to the ongoing rally.

Liquidation Heatmap Turns Green

According to Coinglass, over 130,000 traders were liquidated within the last 24 hours, with the total liquidation value reaching $483.49 million. The single largest liquidation was a $3.33 million BTC/USDT position on Bybit.

Liquidation spikes like these often signal sharp price movements and increasing bullish sentiment.

Source: Coinglass

Crypto Fear and Greed Index Moves Higher

Investor mood is shifting. The Crypto Fear and Greed Index has risen from Extreme Fear (18) to Fear (39), indicating a gradual return of optimism to the market.

This upward trend in sentiment may lead to more buying pressure in the near future.

What Could Derail the Current Rally?

Uncertainty Over China’s Next Move

While the tariff freeze brought momentary calm, the market is still waiting to see how China responds. Any major retaliation—such as selling U.S. bonds, tightening restrictions, or offloading Bitcoin—could quickly rattle global financial markets, including crypto.

US CPI Inflation Data Coming Today

One of the most critical short-term triggers is the Consumer Price Index (CPI) data, scheduled for release today at 6:00 PM IST (08:30 AM ET).

  • Forecast: 0.3%
  • Previous reading: 0.2%

If the actual data comes in at or above expectations, it could reinforce bullish momentum. However, a decline in inflation or any unexpected deviation might spark a sudden sell-off.

Trump’s Volatility Still a Market Factor

Trump’s decision-making style continues to add an unpredictable element to the market. Just before confirming the tariff freeze, he denied the reports. This kind of inconsistency can destabilize markets at any moment, so investors remain cautious.

Final Thoughts: Will the Rally Continue?

Crypto is currently enjoying a strong upward6 move, driven by a mix of geopolitical events, policy shifts, and growing investor confidence. However, the rally could still face headwinds, especially from factors like CPI inflation data, China’s response, and Trump’s next move.

While momentum remains strong for now, staying informed and alert is crucial. The next 24 to 48 hours could shape the direction of the market for weeks to come.

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