The U.S. Consumer Price Index (CPI) in March increased by 3.5% year-on-year, higher than the expected 3.4%, the highest level since September 2023. This data caused spot gold to fall by $16 in the short term, with a price of $2,333 per ounce. With the release of the March CPI data, the swap market showed that the possibility of the Federal Reserve cutting interest rates in June has decreased. According to Binance market data, Bitcoin fell by 1% in the short term due to the CPI data, and is now quoted at 68,184.86 USDT.
