Just noticed Bitcoin moving up nicely after the core CPI came in at 0.2% for March - lower than expected. That's the kind of economic data that usually gets traders excited because it suggests inflation might be cooling down a bit.



When inflation concerns ease, Bitcoin price tends to catch some bid. Makes sense really, since people see crypto as a hedge against currency debasement. So far the market's been reading this CPI print as a positive signal for risk assets overall.

Worth keeping an eye on how Bitcoin price holds these levels if we get more dovish economic signals coming up. The correlation between macro data and crypto has been pretty tight lately.
BTC0.98%
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