Bitcoin Price Jumps $3,000 in Response to Slowdown in U.S. Inflation

U.S. CPI Data and Its Impact

Following the release of the U.S. Consumer Price Index report, major stock indices like the S&P 500 and Nasdaq Composite Index hit new records, indicating growing investor confidence in the Federal Reserve's potential monetary policy adjustments.

The Tech Sector Performance

The tech sector, particularly the NASDAQ-100 Technology Sector Index, exhibited strong performance, underlining investors' expectations of a more accommodative monetary policy ahead.

• The bond market experienced a decrease in yields for 2-year and 10-year U.S. government bonds.
• The U.S. dollar index (DXY) declined by 0.5%, while gold prices rose by 0.7%.

Bitcoin Price Analysis

BTC's current price is $64,884.00, reflecting a 6% increase in a day. The market awaits the breakout above key resistance levels to determine further price movements, potentially targeting the late-April highs and yearly peak.