Analysts: Weak inflation data may prompt the Federal Reserve (FED) to cut interest rates, but the macroeconomic outlook remains grim.

PANews reported on April 11 that the crypto market calmed down after the release of CPI data on Thursday, according to The Block, which showed that the U.S. inflation rate fell overall last month, the first significant decline in 2020 and 2021. BRN analyst Valentin Fournier said that although the March data did not account for the latest tariff rebound, the Fed could "cut interest rates and ease financial conditions" in May, which could boost assets such as bitcoin. Fournier also speculated that Wall Street crypto funds could soon see a large inflow. He said that although volatility remains high, the risk of a long-term downturn is limited, and the short-term impact of Sino-US trade tensions may be exaggerated, he said. However, some experts pointed out that the March CPI may have a limited impact on the Fed's decision-making due to tariffs and the trade war. Mike Cahill of Douro Labs said that the collapse of the bond market, cooling inflation, and the postponement of tariffs are not macro resets, but signals of structural imbalances, and the global system remains under pressure. Mike Marshall, head of research at Amberdata, believes that the long-term macro backdrop for cryptocurrencies is still bearish based on traditional financial turmoil.