Earlier on April 9, Trump issued a 90-day pause on his administration’s “reciprocal tariffs,” lowering the tariff rate to 10% on all countries besides China, which he ramped up to 125%, citing the country’s counter-tariffs against the US.“Tensions between the US and China remain a structural overhang,” Hundal said. Related: Bitcoin price at risk of new 5-month low near $71K if tariff war and stock market tumult continuesMeanwhile, crypto analyst Matthew Hyland said that the March CPI results “will show inflation is crashing down probably close to 2.5%.”“Another interesting day coming,” he added. Crypto analyst Dyme said, “Lower than expected CPI print will send us higher.”However, FactSet’s consensus estimates show economists expect consumer prices to have risen by 0.1% month-over-month in March. On March 12, the CPI came in lower than expected at 3.1%, beating expectations of 3.2%, with a corresponding 0.1% drop in headline inflation figures.
It’s likely that investors are actively moving funds to Binance due to the macro uncertainty and before the upcoming CPI announcement,” Regterschot said. CoinMarketCap shows Bitcoin is trading at $82,474 at the time of publication, up 8.8% in the past day after receiving a boost from Trump’s 90-day tariff pause on all countries but China.
Investors are “actively moving funds to Binance”CryptoQuant contributor Maarten Regterschot said in an April 9 post that Binance’s Bitcoin (BTC) reserve increased by 22,106 BTC, worth $1.82 billion, over the last 12 days to a total of 590,874 BTC.“This shows a strong acceleration in BTC inflows to Binance.
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Author / Journalist: Cointelegraph by Ciaran Lyons
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