Legacy and the cryptocurrency markets have rebounded today after the latest CPI print came out as expected with 3.4 - down a little from the previous month with 3.5 during March.
You can see how it currently looks in this bar chart,
https://www.investing.com/economic-calendar/cpi-733If the CPI prints another small decrease during the next report, both legacy and cryptocurrency markets could surge to new all time highs. But to play the devil's advocate, isn't the sudden change of mood to extreme bullishness also inflationary?