On April 10, Bitcoin (BTC) experienced a drop in price, failing to maintain the gains it had made earlier in the week. This drop coincided with the release of the March Consumer Price Index (CPI) data in the United States, which showed inflation rates lower than expected. Despite this seemingly positive news for risk assets, US stocks, including the S&P 500 and Nasdaq Composite Index, were down significantly at the time.

The US Bureau of Labor Statistics reported that the all items index rose 2.4 percent in the 12 months leading up to March, compared to a 2.8 percent increase in the previous 12-month period. The data also revealed that the all items excluding food and energy index rose by

Source: https://cointelegraph.com/news/bitcoin-stocks-shun-cpi-print-win-and-give-up-tariff-relief-gains-will-btc-whales-save-the-day?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound