Analyst: The market is shaking off tariff concerns and digesting CPI data, with algorithmic trading responding positively to macroeconomic data
ChainCatcher news, according to The Block, the crypto market rebounded after the release of the US CPI data. Presto Research analyst Min Jung stated, "The initial CPI reaction was strong, but as investors took a more cautious approach, realizing that more data is needed to confirm inflation trends, the market rebounded."BTC Markets analyst Rachael Lucas attributed the market recovery to trading bots responding to the stability of macroeconomic conditions, "Algorithmic trading plays a significant role in these rapid movements, with many bots programmed to react instantly to keywords related to Powell, CPI data, and other major economic reports. Given the recent volatility driven by clearing, any stability in macro conditions could trigger positive buybacks, especially from these automated strategies."Lucas explained that the market seems to be shaking off tariff-related concerns and digesting the latest CPI data, as prices are rising without prominent bullish catalysts. "Risk assets, including cryptocurrencies, have responded positively to the stability of macroeconomic conditions, and if liquidity conditions remain supportive, the market may be preparing for the next leg up."