#CryptoCPIWatch

Bitcoin (BTC) experienced a notable decline, falling below \$103,000 as traders engaged in profit-taking ahead of the U.S. Consumer Price Index (CPI) release. The April CPI report revealed a 2.3% year-over-year increase, slightly below the anticipated 2.4%, indicating a modest cooling of inflation. This unexpected dip in inflation prompted a brief surge in BTC and Ethereum (ETH) prices, as investors speculated on a potential shift in Federal Reserve policy. Despite this uptick, the broader crypto market remains cautious, with macroeconomic factors and upcoming Federal Reserve communications influencing investor sentiment. As of now, BTC is trading around \$103,555, reflecting the market's sensitivity to economic indicators.