Bitcoin and stocks experienced a drop despite the release of positive inflation data from the U.S. Consumer Price Index (CPI), indicating a decrease in inflation rates. The CPI showed a 2.4% increase year-over-year through March, a slowdown compared to the previous month. Despite this seemingly favorable news for risk assets, major indices like the S&P 500 and Nasdaq Composite were down by 3% and 3.7% respectively. Some analysts suggest that the mixed economic signals may be prompting continued trade tensions, as observed in comments surrounding recent job and inflation reports. In BTC market discussions, traders identified key price levels, with a necessary rebound above $83,000 for bullish sentiment to prevail. Analysts noted the influence of a significant trader, “Spoofy the Whale,” whose activity could determine future price direction. The crypto community remains watchful, with potential for further volatility influenced by both traditional market movements and BTC-specific events.

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