Bitcoin was trading at $80,814 following the news, down 1.2% over the past 24 hours. April CPI rose 0.6% for the month and 3.8% year-over-year. Markets continues to price in no Fed rate cuts for the June 17 meeting. Bitcoin was trading at $80,600 following the report. U.S. inflation data came in hotter than expected on Wednesday, reinforcing expectations that the Federal Reserve will keep interest rates steady at 350-375bps not only at its June 17 meeting, but also likely through the end of the…
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