XRP, Bitcoin (BTC) Extend Losses as Oil Breaks $113 Ahead of April 9 Inflation Report
Analysis
Price Impact
HighThe upcoming april 9th inflation report (core pce index) is a significant event. higher-than-expected inflation data would likely lead the federal reserve to maintain a restrictive monetary policy, which is bearish for risk assets like cryptocurrencies. conversely, data in line with or better than forecasts could trigger a short squeeze and a bullish rebound.
Trustworthiness
HighPrice Direction
BearishCurrently, both xrp and bitcoin are experiencing losses, reflecting pessimistic market sentiment. the primary driver for potential further downside is the anticipation of inflation data reinforcing a 'higher for longer' interest rate environment, which negatively impacts risk-on assets.
Time Effect
ShortThe immediate price direction is heavily influenced by the upcoming april 9th inflation report. while a short-term reaction is expected, the longer-term trend will depend on the actual data and subsequent fed actions.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. By the closing phase of the first week of April, a clear divergence has emerged across financial markets. While oil prices are confidently breaking through psychological levels, cryptocurrencies are moving into a deep defensive stance. Advertisement The Easter weekend on U.S. markets is effectively preserving uncertainty across key logistical hubs, while the price of WCI crude oil is breaking above $113 per barrel. On the decentralized platform Hyperliquid , trading volume in perpetual oil contracts has already exceeded $101.6 million. WTI Oil perpetual futures on Hyperliquid, Source: Hyperliquid While traditional markets remain closed, digital assets continue to reflect market sentiment, which is largely pessimistic, and XRP has already lost more than 2%, falling below $1.30. Bitcoin, meanwhile, is showing a moderate decline of 0.3%, holding below the $67,000 level. HOT Stories XRP Hits 8.1 Million Wallets Milestone Amid Price Slump, Shiba Inu (SHIB) Allegedly Suffered North Korea Hackers Impact, 13-Year Bitcoin on the Move — Morning Crypto Report Saylor Says Bitcoin Four-Year Cycle Is Officially Dead Will April 9 trigger crypto rebound? The main pressure on risk assets comes from expectations surrounding the core Personal Consumption Expenditures index , which is set to be released this Thursday. The market is reasonably concerned that the new data will confirm inflation remaining above 3%. Advertisement If this forecast proves accurate, the Federal Reserve will have every reason to maintain a restrictive monetary policy for longer than investors had hoped, particularly in the crypto sector. You Might Also Like Sun, 04/05/2026 - 14:06 XRP Hits 8.1 Million Wallets Milestone Amid Price Slump, Shiba Inu (SHIB) Allegedly Suffered North Korea Hackers Impact, 13-Year Bitcoin on the Move — Morning Crypto Report By Gamza Khanzadaev Under these conditions, defensive assets and energy commodities may continue to rise, while Bitcoin and XRP, as representatives of the higher-risk segment of financial markets, are likely to remain in a zone of elevated volatility. Advertisement However, it cannot be ignored that any data on April 9 that comes in no worse than forecasts could trigger a large-scale short squeeze and a return of Bitcoin to the upward track. #XRP #Bitcoin #XRP News #Bitcoin News #Hyperliquid #inflation