Bitcoin, Crypto is looking forward to April 12th!

April 12 will be a key date for bitcoin and cryptocurrencies, as U.S. inflation data and FOMC meeting minutes are likely to impact markets.
In all likelihood, April 12 will be the X-day that will give a decisive boost to trends in the bitcoin and cryptocurrency world, both up and down. Just as people naturally look forward to news and decisions in the mainstream economy, we will return from the Easter break expecting not one, but two key issues:
- March inflation data;
- details of the latest FOMC meeting.

U.S. inflation: 6.0% expected

Inflation expectations suggest some degree of stability from last month's base. Leading analysts now seem to agree on +6.0%, which would mean a pause on the path back to the 2.0% target. Indeed, such concerns have been prevalent for some time, especially in Washington and in the upper echelons of the Fed, given a number of factors that have contributed to keeping prices high.
If the 6.0% figure is confirmed, we will face inflation stabilizing at a very high level for the first time in months. And, as is often the case, this possible rise rather than fall is exacerbated by other issues, which we will analyze later.
For those who think the glass (and the market) is half-full, consider that the market, however, has discounted such a high rate of inflation. Therefore, in all likelihood, if it is confirmed, there should not be a major shock.

FOMC meeting minutes

The FOMC is a group of Federal Reserve bankers who meet regularly to make interest rate decisions. Interest rate decisions have a direct impact on the market, and soon the minutes of these meetings will also have an impact on the market, helping to clarify some of the decisions of the most influential group of men and women in the world.
The minutes from these meetings will be released within hours of the inflation data, though now for the previous month, and are crucial to understanding the direction that U.S. monetary policy is likely to take