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Crypto Today: BTC, Pi Network and HBAR rally as US CPI triggers $40B buying spree

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The combination of $117 million in stablecoin inflows, $370 million pouring into memecoins amid a 7.4% sector-wide surge, and the latest US CPI data showing cooling inflation all point to a recovery phase that could be sustained in the near term.
The article from FXStreet discusses a significant surge in the cryptocurrency market, particularly highlighting Bitcoin (BTC), Pi Network, and Hedera Hashgraph (HBAR), following the release of the U.S. Consumer Price Index (CPI) data. The CPI data, which showed a slight decrease in inflation, led to a market reaction where over $40 billion was invested in cryptocurrencies. Bitcoin saw a notable increase, rallying past $72,000, driven by the anticipation of the upcoming Bitcoin halving event and the general market sentiment favoring risk assets. Pi Network, a relatively new player, also experienced a rally, possibly due to its unique mining approach and growing user base. Hedera Hashgraph's HBAR token also benefited from the positive market mood, with its price increasing significantly. The article suggests that the lower-than-expected inflation figures have instilled confidence in investors, leading to this buying spree in the crypto market.

Read the Full FXStreet Article at:
[ https://www.fxstreet.com/cryptocurrencies/news/crypto-today-btc-pi-network-and-hbar-rally-as-us-cpi-triggers-40b-buying-spree-202503121759 ]