Bitcoin Surges Past $72,000 as U.S. Inflation Misses Wall Street Forecasts

Bitcoin experienced a surge, climbing above $72,300 following the release of the U.S. headline Consumer Price Index (CPI) for March, which registered a 3.3% year-over-year increase, falling short of the 3.4% median Wall Street forecast. Core CPI, excluding food and energy, also printed lower than anticipated at 2.6% annually, compared to the 2.7% consensus. This softer-than-expected inflation data, particularly the core reading, has reignited speculation that the Federal Reserve might consider interest rate cuts later in 2026, despite recent hawkish signals. The market is now focused on whether the current inflation increase is a temporary spike driven by oil prices or a sign of broader price pressures. Bitcoin's immediate reaction saw it jump from around $71,900 to $72,320, though investors are cautioned against chasing the rally due to potential profit-taking.

(Source：BeInCrypto)