Bitcoin Ticks Higher as US Inflation Data Beats Expectations, Markets Eye June Fed Rate Hike Pause

05/11 00:41

Bitcoin (BTC) saw a slight increase in value after US inflation data for April came in at 4.9%, slightly below the expected 5.0%. This suggests that US inflation is continuing to decrease, in line with predictions from the Federal Reserve and external sources. Financial commentators are now expecting a pause in rate hikes next month, which would be good news for risk assets, including crypto.

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