Bitcoin (BTC) price failed to hold its weekly open gains on April 10 as US stocks ignored positive inflation data.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Data from Cointelegraph Markets Pro and TradingView showed BTC price volatility ticking higher around the release of the March Consumer Price Index (CPI) numbers.
These numbers came in broadly below expectations, revealing slowing inflationary forces despite mass-market disruption due to US trade tariffs.
An official press release from the US Bureau of Labor Statistics (BLS) stated:
“The all items index rose 2.4 percent for the 12 months ending March, after rising 2.8 percent over the 12 months ending February. The all items less food and energy index rose 2.8 percent over the last 12 months, the smallest 12-month increase since March 2021.”
US CPI 12-month % change. Source: BLS
While notionally a