💵 Bitcoin is rising ahead of US inflation data

BTC is holding above the $63,000 mark. It has grown by nearly 3% over the last 24 hours.

📔 Recent US data indicate that the economy is experiencing a slight downturn. The employment figures for April showed weaker growth than analysts expected.

If this trend continues, it could pressure the Federal Reserve to lower rates.

📅 US inflation figures will be presented as the Producer Price Index (PPI) on Tuesday, followed by the Consumer Price Index (CPI) on Wednesday.