US CPI rises 3.3% y/y in March driven by energy; Bitcoin near $72.9K as U.S.-Iran negotiations begin and a CPI-pegged stablecoin USDi emerges

first published 2026-04-11T07:06:31Z

US Consumer Price Index rose 0.9% month-on-month and 3.3% year-on-year in March, with the energy index up ~11% and gasoline +21.2% driving most of the monthly increase. Core CPI (ex food and energy) was 2.6% y/y versus 2.7% expected. Traders price a 98.4% probability the Fed will keep rates unchanged at the April meeting. Bitcoin briefly topped $73,000 and was trading near $72,780 (+1% 24h, +9% 7d) following the data.

AI Analysis

CPI printed hotter y/y (3.3%) driven by large energy and gasoline gains, but core CPI came in slightly below expectations (2.6% vs 2.7%), and markets priced a 98.4% probability of the Fed holding rates — a combination that coincided with Bitcoin moving above $72K (briefly $73K) and trading ~+1% on the day and +9% over 7 days.

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