The post Bitcoin Surges Past $72,000 as U.S. Inflation Misses Wall Street Forecasts appeared on BitcoinEthereumNews.com.

U.S. headline Consumer Price Index (CPI) for March rose 3.3% year-over-year, falling below the median Wall Street forecast of 3.4%. Bitcoin (BTC) responded immediately, climbing above $72,300. Core CPI, which strips out volatile food and energy prices, printed at 2.6% annually versus the 2.7% consensus. The softer-than-expected readings sent a clear signal through risk markets. Why Today’s CPI Print Matters More Than the Number March marked the first inflation report to fully capture the oil price shock tied to the Iran conflict. Crude briefly topped $115 per barrel in early March, pushing U.S. gasoline prices above $4 per gallon for the first time since August 2022. Wall Street banks, including Bank of America, JPMorgan, and Wells Fargo, had projected headline CPI of 0.87% to 0.99% month over month. The median forecast from Nick Timiraos’ survey sat at 0.90% monthly and 3.3% annually. Wall Street forecasters expect a massive headline March CPI print on Friday due to the rise in energy prices from the Gulf war: around +0.9% on the month, driving the y/y rate to 3.3% from 2.4%. Nobody’s squinting at the right side of the decimal place when the left side moves… pic.twitter.com/uVrZ3RE974 — Nick Timiraos (@NickTimiraos) April 7, 2026 However, core inflation told a different story. At 0.26% month-over-month, it printed below most bank estimates, suggesting that the energy shock has not yet bled into broader consumer prices. CPI 0.9% MoM, Exp. 0.9%CPI Core 0.2% MoM, Exp 0.3% CPI 3.3% YoY, Exp. 3.4%CPI Core 2.6% YoY, Exp. 2.7% — zerohedge (@zerohedge) April 10, 2026 Core CPI prints came in cooler than expected despite what has been the biggest jump in energy prices since 2005. BTC jumped from roughly $71,900 to $72,320 following the data release, with softer core reading reopening speculation that the Federal Reserve may have room…

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Filed under: News - @ April 10, 2026 1:25 pm