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Bitcoin slightly strengthened after the CPI release, but still remained volatile above $72k.
ME News Report, April 10 (UTC+8), after the release of the U.S. March inflation data, Bitcoin prices slightly strengthened. Overall, the March CPI increased by 0.9% month-on-month and 3.3% year-on-year, meeting expectations, mainly driven by a sharp rise in energy prices due to the Iran situation. Before the data was released, Bitcoin prices fluctuated narrowly around $72,000. After the release, they remained above that range. Previously, due to the Middle East situation and soaring oil prices, market expectations for a rate cut by the Federal Reserve this year have significantly cooled down. Currently, it is generally expected that interest rates will remain unchanged in the short term. (Source: ODAYL)