Bitcoin Slides 5.7% as April CPI Surprise Erases Fed Rate-Cut Bets

TLDR: April CPI came in at 3.8% YoY, beating estimates and erasing all Fed rate cut expectations for 2026.  Bitcoin dropped 5.7% to $78K, rejected five times at the 200-day MA amid rising macro pressure.  BTC spot ETFs recorded $1B in weekly outflows, snapping six consecutive weeks of positive inflows.  Ethereum fell 10.2% on the [...]

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