Bitcoin Falls as U.S. CPI Inflation Rises to Three-Year High of 3.8%
The U.S. CPI inflation surged to a two-year high in April and came in above expectations, causing Bitcoin to fall. The data is notably bearish for BTC and the broader crypto market as the Fed is less likely to lower rates anytime soon, with inflation on the rise due to the U.S.-Iran war. U.S. CPI
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