$BTC Bitcoin did not respond to the publication of inflation data in the USA

The US Department of Labor released inflation data for April:

▫️Annual Consumer Price Index (CPI): 2.3% (the lowest since February 2021, expected 2.4%).

▫️Core CPI (excluding energy and food prices): 2.8% (within the forecast, at the level of March).

Despite the data being better than expected, Bitcoin's price hardly changed at the time of the report's publication.

The crypto market has often reacted sharply to inflation data, as it influences expectations for the Fed's rate: a slowdown in price growth strengthens hopes for a decrease, which usually supports demand for risky assets, including cryptocurrencies. This time, there was no significant reaction.