🚀 Bitcoin Holds Steady Despite Positive CPI Data

Bitcoin (BTC) failed to rally after U.S. CPI inflation cooled to 2.3% in April, its lowest since February 2021. Despite the positive macro news, BTC dipped below $104K as Wall Street opened, continuing its recent consolidation.

Analysts suggest BTC may be gearing up for its next move, with potential support near $97.5K-$98K. Binance CEO Richard Teng highlighted Bitcoin’s strong performance, outpacing gold and major stock indices YTD.

#Bitcoin #CryptoMarket

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