TechFlow News, April 10: According to Cointelegraph, Bitcoin’s price surged past $73,000 on Friday, driven by U.S. Consumer Price Index (CPI) data that came in below market expectations. The data showed that the U.S. energy index rose 10.9% in March, with gasoline prices increasing 21.2% month-on-month—the largest monthly gain since 1967—and becoming the primary driver of CPI growth. Despite the sharp rise in energy prices, overall CPI was 0.1% lower than expected. Traders are focusing on Bitcoin’s near-term resistance levels, particularly the liquidity zone around $74,000. Expectations for Federal Reserve rate cuts remain low, a view already widely shared by the market.
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