Bitcoin remained relatively stable following the recent inflation data, which revealed a notable rise of 0.2% in consumer prices for April, leading to a 2.3% annual inflation rate, the slowest increase since February 2021. Core inflation remained static at 2.8%. Despite the inflation figures, markets saw little volatility, with Bitcoin trading around $103,798. The Federal Reserve held interest rates steady at 4.25%-4.50%, with a mere 15% chance predicted for a rate cut in June. Concurrently, the US and China reached a temporary trade agreement that eased some tariffs, although this had a minimal effect on Bitcoin prices. Market analysts point to a mixed outlook, suggesting that unless core CPI rises above 2.9%, significant shifts in cryptocurrency value may not emerge. Experts believe Bitcoin is beginning to respond more to macroeconomic conditions rather than solely to its traditional speculative tendencies, with key levels identified for potential price movements.

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