Bitcoin Price Rises After US Inflation Data Shows Slower Increase in April
Subscribe to Alpha Reports for exclusive reports and insights on airdrops, NFTs, and more. The latest Consumer Price Index data from the US Bureau of Labor Statistics showed a slower rise in inflation in April, causing a 3% gain in the Bitcoin price to $63,142. The Ethereum price also increased by 1.8% compared to yesterday. The Fed is not expected to lower interest rates until September, causing Bitcoin's run to stall.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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