{"id":88245,"date":"2024-05-16T00:27:40","date_gmt":"2024-05-16T04:27:40","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88245"},"modified":"2024-05-15T23:46:17","modified_gmt":"2024-05-16T03:46:17","slug":"bitcoin-has-its-best-day-since-march-following-cooler-april-inflation-reading","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2024\/bitcoin-has-its-best-day-since-march-following-cooler-april-inflation-reading.html","title":{"rendered":"Bitcoin has it&#8217;s best day since March following cooler April inflation reading"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/BTC.CM=\/\">Bitcoin<\/a>\u00a0jumped with\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/05\/14\/stock-market-today-live-updates.html\">stocks<\/a>\u00a0on Wednesday after the April consumer price index showed inflation eased from the previous month. The price of the cryptocurrency rose more than 7% to $66,124.59, according to Coin Metrics, and its best day since March 25. It also traded above its 50-day moving average for the first time since April 13. \u201cThe slightly lighter than expected CPI number modestly increased the chance of a rate cut, which is still a strong influencer to bitcoin price.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/05\/15\/crypto-market-today.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Bitcoin\u00a0jumped with\u00a0stocks\u00a0on Wednesday after the April consumer price index showed inflation eased from the previous month. The price of the cryptocurrency rose more than 7% to $66,124.59, according to Coin Metrics, and its best day since March 25. It [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88245","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88245"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88245\/revisions"}],"predecessor-version":[{"id":88246,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88245\/revisions\/88246"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}