US CPI Report: Inflation Falls to 3.4%, Bitcoin Soars to $63,674.01

The post US CPI Report: Inflation Falls to 3.4%, Bitcoin Soars to $63,674.01 appeared first on Coinpedia Fintech News

The CPI report has just been released, revealing that inflation eased to 3.4% in April compared to a year ago, aligning with economist predictions. The consumer-price index saw a 3.4% increase last month from the previous year, meeting expectations. In response to the CPI results, the crypto market has shown a positive reaction, with Bitcoin surging to $63,674.01. Other altcoins have also followed suit, reflecting the momentum set by Bitcoin’s performance.