Bitcoin gains after core CPI rose a less-than-forecast 0.2% in March.

What Happened

U.S. core CPI rose 0.2% in March, lower than the forecasted 0.3%, surprising markets to the downside. Overall CPI increased 0.9% as expected, driven by Middle East conflict-related energy costs. Bitcoin, trading near $72,000, rose to $72,400 following the report. Markets now expect no Federal Reserve rate changes, with 99% probability of hold at April meeting and 97% at June meeting.

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