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Bitcoin remained stable following April’s inflation data, which showed a 0.2% monthly rise and a 2.3% annual rate. Meanwhile, a surprise US-China trade agreement reduced tariffs, boosting equities but leaving crypto largely unaffected.
- April's CPI rose 0.2% monthly, with annual inflation slowing to 2.3%, while core inflation held at 2.8%.
- The Fed kept rates unchanged at 4.25%-4.50%, with only a 15% chance of a June cut amid tariff-driven uncertainty.
- A US-China trade agreement reduced tariffs temporarily, boosting stocks but leaving Bitcoin unaffected at ~$103,798.
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