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Crypto Pulse Daily: U.S. PCE Inflation Cools to 2.8%, Lower Than Expected

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CoinGape Newsletter
March 13, 2026

The U.S. PCE inflation data, the Fed’s favorite inflation gauge, has come in lower than expectations. This data release comes just ahead of next week’s FOMC meeting, where the Fed is likely to hold rates steady. Meanwhile, Bitcoin extended its gains today on the back of this inflation data.

U.S. President Donald Trump has called for an emergency Fed rate cut just before next week’s FOMC meeting. This comes as the U.S.-Iran war threatens to drive inflation higher, with crypto traders betting the Fed will make only one interest rate cut this year.

BTC price is rising today, March 13, continuing a recovery that started on Monday when it traded at $65,800. This recovery has led to optimism that Bitcoin price will jump to $100k this year, with odds continuing rising on Kalshi and Polymarket.

The ongoing Bitcoin price rally has led to rising optimism among investors that it will jump to $100k by the end of this year. To do that, the coin needs to jump by 36% from the current level.

Kalshi data shows that the odds of the coin rising to $100k rose to 36%, its highest level since February. Similarly, a Polymarket poll shows that the probability of it rising to 100k jumped to 42%.

Pi Network price recorded a strong rally in the past 24 hours, rising more than 30% in a sudden market surge. Analysts attribute the momentum to a fresh exchange listing and rising anticipation surrounding the upcoming Pi Day event.

The price of Pi Network shot up on Friday amidst significant developments that led to high investor expectations in the cryptocurrency market today due to new catalysts. Primary momentum was preceded by confirmation that Kraken, an exchange based in the US, will start trading PI on March 13, 2026, and increase access.

This listing will provide regulatory relevance and present Pi Network to more liquidity pools and institutional investors in the United States.