Despite the decrease in inflation in the USA to the level of 2021, Bitcoin responded weakly to this news. After the release of data on slowing price growth, the coin's price increased by only $0.3 — from $103.5 thousand to $103.8 thousand, demonstrating minimal market reaction. The annual consumer price index decreased to 2.3% with a forecast of 2.4%, however, the market does not expect a quick change in the Fed's policy. The probability of a rate cut in June is only 8.2%, while the likelihood of an increase or maintenance is high. In early May, the exchange rate reached a three-month high, attracting new buyers and causing a rise in FOMO among novice investors. Nevertheless, the activity of experienced traders and the decrease in capital inflow indicate a possible consolidation or price correction. Overall, the news about slowing inflation has not yet stimulated significant changes in the cryptocurrency market.
