Bitcoin remained flat following the release of U.S. inflation data showing a steady 2.3% increase in April. The consumer price index rose 0.2%, reversing the decline seen in March. Core inflation remained stable at 2.8%. Meanwhile, the U.S. and China have agreed to reduce tariffs, easing some trade tensions. Despite these developments, Bitcoin traded around $103,798, with other cryptocurrencies showing minimal movement. Analysts suggest that Bitcoin’s future performance will depend on broader macroeconomic trends rather than inflation alone.
— new from Decrypt
