The U.S. Department of Labor reported a 3.5% increase in the consumer price index for March 2024.

Bitcoin's price declined below $70,000 after the report, indicating a correlation with U.S. inflation data.

Despite the initial drop to $67,500, Bitcoin recovered to $70,000, showing resilience by outperforming U.S. equities and gold.

Bitcoin experienced a 0.5% drop at the Wall Street open on April 10, reflecting market sensitivity to the higher-than-expected consumer price index figures.

Market debates have emerged over the possibility of the Federal Reserve lowering interest rates in response to the inflation report.

BitDelta is leveraging the Bitcoin Halving event by hosting a giveaway, offering a share of USD 100,000 to encourage trading on their platform.

The giveaway involves three random winners, aiming to boost market participation and interest in Bitcoin.

The volatility seen in Bitcoin's short-term price movements is not expected to have a long-lasting impact on the market.