April's US Consumer Price Index is Below Predicted Levels, No Significant Change in Bitcoin's Value

In April, the US Consumer Price Index (CPI) was 2.3%, slightly lower than the projected 2.4%, providing a glimmer of hope for those supporting President Trump's call for a Fed interest rate cut later this year. The Core CPI, excluding fluctuating sectors such as food and energy, met expectations at 2.8%.

Despite Trump's assertion that these figures indicate no inflation in the US economy, experts suggest that consumers are more focused on tariffs. Meanwhile, Bitcoin's value remained relatively constant, recovering from a drop below $101,000 and hovering around $104,000 after the announcement.

The cryptocurrency's price showed minimal movement in the first ten minutes following the release of these figures.