Bitcoin was waiting for cuts. Hot CPI inflation data just put hikes back on the table
Make CryptoSlate preferred on A hotter-than-expected April inflation report has put Bitcoin back at the center of the Federal Reserve trade, reviving the higher-for-longer rates problem that has capped crypto markets for much of the year. The Bureau of Labor Statistics (BLS) reported on May 12 that headline CPI rose 3.8% year over year in...
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