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Bitcoin Price Reacts as US CPI for March Comes Lower Than Expected

  • The US Consumer Price Index (CPI) for March came in lower than expected, with lower inflation rates compared to estimates.
  • BTC initially experienced a surge to $82,500 following the release of the CPI report but quickly dropped to $81,500.
  • The Core CPI, which excludes volatile sectors like energy and food, reached the lowest level in four years at 2.8%.
  • Lower inflation rates are typically considered bullish for crypto due to the possibility of reduced key interest rates by the US Federal Reserve.

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