Analysts explain the importance of April 10 for bitcoin cryptocurrency

According to cryptocurrency experts, April 10 is an important date for the cryptocurrency market, as the US consumer price index for March is due to be announced today. This indicator measures inflation, and it can influence the Federal Reserve’s decision on interest rates.

Today, the minutes of the Federal Open Market Committee (FOMC) meeting for March will be released, and there is a high probability that interest rates will remain unchanged. This almost always has a direct or indirect impact on the performance of digital assets, including bitcoin.

When interest rates remain unchanged, it means that the US economy is stable enough that it does not need to raise rates to slow inflation. For bitcoin and digital assets, stable interest rates can be considered «good». They make borrowing cheaper, which can lead to increased investment in riskier assets such as cryptocurrencies.

At the time of writing, the value of BTC $95,635.21 Bitcoin -0.25% Market capitalization $1.89 trillion VOL. 24 hours $3.8 billion is $ 69,289. If the news on April 10 and 11 indicates a favorable state of the US economy, bitcoin may get a boost.

According to analysts, the key level of the HTS to watch is $ 67,000. If bitcoin can stay above this level, it could rise to a historic high, experts emphasized. The $ 67,000 level has repeatedly become a breakout point for BTC.