The U.S. April CPI data will be announced tonight at 20:30. The March CPI previously recorded at 2.4% (below the expected 2.5%). If the April data continues the downward trend, it may strengthen the expectations for an interest rate cut by the Federal Reserve, benefiting risk assets; on the contrary, if inflation rebounds, the U.S. dollar index (DXY) may break the 30-day high, putting pressure on Bitcoin.
