Bitcoin spikes toward $80K as US CPI data delivers new 22-year high in bond yields
Bitcoin briefly rebounded past $79,000 and US stocks turned green as US CPI inflation data met expectations.


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Bitcoin briefly rebounded past $79,000 and US stocks turned green as US CPI inflation data met expectations.

Bitcoin price action did not reflect relief in US CPI inflation numbers matching expectations amid a warning over $63,000 failing as support.

BTC price action returned to $64,000 on low US CPI inflation but traders stayed wary of rejection at key resistance.

Bitcoin showed fresh signs of volatility as US CPI inflation saw new multiyear highs on oil price hikes thanks to the US-Iran war.

Although US inflation was weaker than expected in March, the ongoing war between the United States, Iran and Israel has fueled macroeconomic uncertainty.

Bitcoin bulls enjoyed a relief rally to $69,000 on the back of soft US CPI inflation data amid hopes of BTC price action making a "higher low."

Real-time Truflation data show US price pressures easing, a shift that could reshape expectations for Fed policy and influence cryptocurrency and risk-asset ma…

Bitcoin sought new weekly highs as US CPI numbers came in below expectations and President Donald Trump called for more interest-rate cuts.

Bitcoin tagged $89,500 as US CPI data revealed sudden multiyear lows in inflation, but liquidations stayed high as the BTC price spiked.

. Bitcoin bulls lift their price target to $137,000 as odds of a Federal Reserve rate cut increase..

The dollar index (DXY00 ) today is down by -0.38%. The dollar today is mildly lower after the US Apr CPI was weaker-than-expected and showed the smallest incre…
. . Key points:Bitcoin fails to capitalize on lower-than-expected US CPI data, seeing a Wall Street sell-off for a second day.. . Traders see BTC/USD buying ti…

. . The latest US core Consumer Price Index (CPI) print, a measure of inflation, came in lower than expected at 3.1%, beating expectations of 3.2%, with a corr…

Asian currencies consolidated against the dollar in the morning session as traders await U.S. CPI data due out later today.
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