The CPI (Consumer Price Index) data released today came slightly favorable for the crypto market, especially benefiting assets like #BTC and #altcoin.

Check out the main highlights:

1. Monthly CPI (April)

Current: 0.2%

Projection: 0.3%

Previous: -0.1%

Result below the projection, signaling lower inflationary pressure than expected.

2. Core Monthly CPI (April)

Current: 0.2%

Projection: 0.3%

Previous: 0.1%

Another positive data point, indicating a moderate pace in underlying inflation.

3. Annual CPI (April)

Current: 2.3%

Projection: 2.4%

Previous: 2.4%

A slight annual decrease, showing progress towards the Fed's 2% target.

This set of data reinforces the perception that inflation is slowing down. If this trend continues, the likelihood of interest rate cuts in the coming months increases — something generally positive for the crypto market.

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