US Inflation Drops to 2.3% in April 2025, Bitcoin Stagnant at US$103 Thousand

The Consumer Price Index (CPI) of the United States dropped from 2.4% to 2.3% in April 2025, lower than expectations. This marks the lowest annual increase since February 2021, before the large inflation rise triggered a cycle of interest rate hikes by the Federal Reserve.

At last week's meeting, the Federal Reserve (The Fed) maintained interest rates in the range of 4.25-4.50%, as it remained cautious about the policy outlook. The Fed's policy statement emphasized that the risks of higher inflation and unemployment have increased.

Meanwhile, CME FedWatch currently indicates a 15% chance of a 25 basis point (bps) rate cut in June, down from around 34% at the beginning of the month.

This announcement has left Bitcoin prices stagnant at US$103 thousand.#CryptoCPIWatch