#CryptoCPIWatch # **Cryptocurrency Monitoring and Consumer Price Index: Key Updates (May 2025)**

1. **Bitcoin Price Surge After Consumer Price Index Data**

- The price of Bitcoin (BTC) recently surpassed $84,000 after U.S. Consumer Price Index data came in weaker than expected for February 2025 (2.8% year-on-year versus 2.9% expected). The drop in inflation bolstered expectations for interest rate cuts from the Federal Reserve, enhancing cryptocurrency markets.

- Bitcoin prices had earlier dipped below the 200-day exponential moving average ($85,664), but rebounded from the support level at $78,258 before the Consumer Price Index release.