#CryptoCPIWatch #CryptoCPIWatch has intensified as April’s U.S. Consumer Price Index (CPI) data revealed a 2.3% year-over-year increase, slightly below the anticipated 2.4%, marking the lowest inflation rate since February 2021 . This unexpected dip has fueled optimism in the crypto markets, with Bitcoin (BTC) experiencing a modest uptick, rising from $103,590 to $103,721 . Analysts suggest that this cooling inflation may bolster expectations for potential interest rate cuts by the Federal Reserve, potentially enhancing liquidity in risk assets like cryptocurrencies . However, some traders are exercising caution, locking in profits ahead of the CPI release, leading to Bitcoin slipping below $103,000 . Despite short-term volatility, the prevailing sentiment remains bullish, with the crypto market's trajectory closely tied to forthcoming macroeconomic indicators and Federal Reserve decisions.(CoinGape, BeInCrypto, FXStreet)