US CPI rises 3.3% in March, Bitcoin rises 1.63%, hits 75000 resistance

The US Bureau of Labor Statistics announced that the March CPI rose 3.3% year-on-year, lower than the expected 3.4%; The core CPI increased by 2.6% year-on-year, lower than the expected 2.7%. The inflation data has been digested by the market, and the schedule for interest rate cuts has been postponed to 2026. Bitcoin rose 1.63% on the same day, challenging the resistance level of $75000, as geopolitical pressures did not significantly weaken risk appetite. The energy cost has pushed up inflation expectations ahead of schedule, and a lower than expected CPI reflects that the market has digested the relevant pressure. AI interpretation: CPI data is lower than expected, indicating that inflationary pressure has eased and market expectations for future interest rate cuts have been pushed back. This result reinforces the Federal Reserve's policy stance in a high interest rate environment, indicating that inflation control is still effectively underway. The performance of the core CPI was also lower than expected, further supporting signals of economic slowdown, which may affect investors' attitudes towards risky assets. Overall, the release of inflation data will have a profound impact on market sentiment, especially on the performance of high-risk assets such as cryptocurrencies.