Mustafa Mulla
The Consumer Price Index, the key inflation indicator issued by the U.S. government, rose to 3.4% over the last 12 months in April, signaling sustained price growth in the economy. This figure surpassed market expectations, which had anticipated a decrease to 2.9%.
In parallel, the price of Bitcoin experienced a sudden surge to $64k, marking a 3.57% increase within the past 24 hours.
