April inflation cooling triggers market frenzy! Bitcoin surges over 7% in a single day, returning to $66,000

Inflation cooling in April triggers market frenzy! Bitcoin surged more than 7% in a single day, returning to $66,000. According to the April CPI data showing a slight easing of inflation compared to March, the price of Bitcoin rose by over 7% on Wednesday, reaching $66,312, marking its best day since March 25. Analysts believe that the slightly lower CPI data has increased the possibility of interest rate cuts, which is an important factor influencing the price of Bitcoin. In addition, with the cooling of the US core CPI, investors' interest in risk assets such as cryptocurrencies may revive, prompting more funds to flow into Bitcoin ETFs. Despite uncertainties surrounding interest rate cuts, Bitcoin holds a unique position as a risk preference and safe-haven asset, and its long-term trajectory is unlikely to fundamentally change