Bitcoin (BTC) price failed to hold its weekly open gains on April 10 as US stocks ignored positive inflation data.
The release of the March Consumer Price Index (CPI) numbers showed slowing inflationary forces, despite mass-market disruption due to US trade tariffs.
US stocks, including the S&P 500 and Nasdaq Composite Index, were in no mood for relief and experienced significant declines.
BTC price rebound may depend on the actions of large-volume traders, such as 'Spoofy the Whale,' who can influence price action.