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CoinGape 2025-03-13 09:57:28

Crypto Price Today: Can 2.8% US CPI Catalyze DOGE, ETH, XRP Price Rallies

The crypto market today, March 13, 2025, shows a slight price gain after the recent data showed that US inflation is cooling. Investors are now hopeful that the Fed will adopt a dovish monetary policy, which could drive demand for risk assets. With inflation cooling, how will it affect the price of top crypto coins like Ethereum, XRP, and Dogecoin perform? Crypto Price Up Today As US Inflation Data Cools Bitcoin price has rebounded above $83,000 today, pushing crypto coins up after US CPI cooled to 2.8% in February. The core CPI, which excludes food and energy costs dropped to 3.1%, while the annual inflation eased to 2.8%, outperforming the expected 2.9%. Despite this drop, inflation remains above the Fed’s target rate of 2%. Moreover, President Trump’s tariff hikes and fears of a US recession happening this year have not done much to raise investor confidence. Economists told Reuters that despite the cooling inflation, the Fed had the uphill task of balancing this data with the risks from tariffs. Data from the CME FedWatch Tool also shows that 97% of investors anticipate that the Fed will leave rates unchanged at between 4.25% and 4.5% at next week’s FOMC meeting. CME FedWatch Tool Nevertheless, other analysts remain hopeful that the Fed should trim rates. According to Anthony Pompliano, the real inflation rate is lower than 2.8% and the Fed should ease the monetary policy to stimulate spending. As the fears of inflation ease, how will it affect the price of crypto coins? Let’s explore. Ethereum Price Analysis Ethereum price today remains bearish despite Bitcoin’s gains. At press time, ETH trades at $1,873 with a 1.8% drop in 24 hours. CryptoQuant CEO Ki Young Ju has noted that the price of ETH has plunged on active selling over the past 3 months, with the NetTakerVolume Chart showing massive outflows. ETH NetTakerVolume Such intense selling leads to seller exhaustion, which may precede a major ETH price rebound . The RSI on the Ethereum daily price chart stands at 31, indicating that the crypto coin is currently oversold. If this marked a local bottom for ETH, the price first needs to retake the $2,000 psychological level, with the next resistance zones lying at $2,150 and $2,400. ETH/USDT: 1-day Chart Dogecoin Price Eyes Recovery as Active Addresses Jump Dogecoin is also showing signs of a recovery as crypto prices move up today. The largest meme coin could be on the verge of an upswing after a surge in the number of active addresses. Popular analyst Ali Charts noted that the active address count on the Dogecoin network had increased by 47% over the past month from 110,000 to 163,000. Dogecoin Active Addresses This increase is bullish for Dogecoin price today after DOGE bounced from support . It suggests that there is increased participation from traders, which may help drive an upward price trend as crypto coins rebound. XRP Price Eyes Rally as Bullish Signals Align XRP price today has made a rebound and could also be on the verge of a major price rally due to several bullish catalysts. As Coingape reported, Ripple obtained a DFSA license to operate in Dubai. Dubai is one of the biggest crypto hubs and Ripple’s entry will help boost adoption and possibly drive an XRP price rally. At the same time, the SEC vs. Ripple lawsuit is on the verge of a settlement, which is also good for Ripple price. As crypto prices show signs of a rebound today, XRP is well-positioned for an uptrend. Final Thoughts on Crypto Price Today Crypto prices posted slight gains today as cooling inflation fuelled optimism about a Federal Reserve rate cut. Risk assets like Dogecoin, Ethereum, and XRP could see renewed bullish momentum that may catalyze a sustained price rally. The post Crypto Price Today: Can 2.8% US CPI Catalyze DOGE, ETH, XRP Price Rallies appeared first on CoinGape .

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