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Bitcoin Tops $73,000 After U.S. CPI Misses Forecasts

Bitcoin climbed above $73,000 on Friday after U.S. Consumer Price Index (CPI) figures came in below market expectations, Cointelegraph reported. March data showed the U.S. energy index rose 10.9%, with gasoline prices jumping 21.2% month over month—the largest monthly increase since 1967—making energy the main driver of CPI gains. Even with the surge in energy costs, headline CPI printed 0.1% below consensus estimates. Traders are now focused on near-term resistance, especially the liquidity area around $74,000. Expectations for a Federal Reserve rate cut remain subdued, in line with broader market pricing.
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