Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Bitcoin and the broader cryptocurrency market remained resilient despite hotter-than-expected US inflation data, with the Consumer Price Index recording its largest monthly increase since 2022. Hong Kong has issued its first stablecoin licenses, approving Anchorpoint Financial and HSBC’s local banking arm under its new regulatory framework. Meanwhile, a researcher has proposed a method to make Bitcoin transactions quantum-resistant, though the solution is currently costly and likely temporary.
US consumer prices accelerated sharply in March — the first full month reflecting the energy surge following the closure of the Strait of Hormuz — though crypto markets remained largely unfazed.
According to the Bureau of Labor Statistics, the Consumer Price Index rose 0.9% month over month, marking the largest increase in nearly four years. On an annual basis, inflation came in at 3.3%, slightly below expectations.
