Bitcoin Steady Amid Inflation Data and U.S.-China Trade Agreement
- U.S. inflation rose 0.2% in April, with an annual rate of 2.3%.
- The Federal Reserve maintained interest rates at 4.25%-4.50%.
- U.S.-China trade agreement on May 12 reduced tariffs for 90 days.
- Bitcoin traded around $103,798, showing limited response to market changes.
- CME FedWatch indicated a 15% chance of a June rate cut.
April’s inflation data showed a rise of 0.2%, slowing the annual rate to 2.3%, while Bitcoin remained stable at approximately $103,798 following a U.S.-China trade deal that temporarily reduced tariffs.
Source (2.6)https://decrypt.co/319430/bitcoin-price-flat-us-inflation-rises-slightly?rand=52368
