Svmuu News According to CoinDesk, Bitcoin's price showed a slight strengthening after the release of U.S. March inflation data. Overall, the March CPI rose 0.9% month-on-month and 3.3% year-on-year, meeting expectations, primarily driven by a significant surge in energy prices influenced by the Iran situation. Prior to the data release, Bitcoin's price was trading within a narrow range around $72,000. Following the release, it continued to hold above this range. Previously, due to the Middle East situation and the spike in oil prices, market expectations for a Fed rate cut within the year have significantly cooled. It is now widely anticipated that interest rates will remain unchanged in the short term.