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Bitcoin Price Rises After US Inflation Data Shows Slower Increase in April

Bitcoin Price Rises After US Inflation Data Shows Slower Increase in April

CointimeCointime2024/05/15 13:04
By:Cointime

Subscribe to Alpha Reports for exclusive reports and insights on airdrops, NFTs, and more. The latest Consumer Price Index data from the US Bureau of Labor Statistics showed a slower rise in inflation in April, causing a 3% gain in the Bitcoin price to $63,142. The Ethereum price also increased by 1.8% compared to yesterday. The Fed is not expected to lower interest rates until September, causing Bitcoin's run to stall.

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