#CryptoCPIWatch Bitcoin (BTC) is currently trading at approximately $103,660, reflecting a slight decrease of 0.38% over the past 24 hours. 

This dip comes as investors await the release of the U.S. Consumer Price Index (CPI) data for April, scheduled for today. The CPI report is a key indicator of inflation and can influence Federal Reserve decisions on interest rates. A higher-than-expected CPI could lead to concerns about prolonged monetary tightening, potentially impacting speculative assets like cryptocurrencies.  

Conversely, if the CPI indicates cooling inflation, it may bolster expectations for rate cuts, which could be favorable for Bitcoin and other cryptocurrencies. Traders are closely monitoring these developments, as they could set the tone for market movements in the coming weeks