The U.S. Bureau of Labor Statistics will release March CPI data at 8:30 tonight

According to BlockBeats, on April 10, the U.S. Bureau of Labor Statistics will release the CPI data for March 2024 at 20:30 tonight Beijing time. According to information feedback collected by the Wall Street Journal, investment banks generally believe that the year-on-year increase in CPI in March will rebound from 3.2% last month to 3.5%, and the month-on-month growth rate will slow slightly from 0.4% to 0.3%; the year-on-year growth rate of core CPI will slow from 3.8% to 3.7%. BlockBeats previously reported that Markus Thielen, founder of 10x Research, said that investors do not need to over-interpret Bitcoin's recent breakthrough failure. This breakthrough failure may represent the nervousness before the release of the U.S. Consumer Price Index (CPI). Wall Street's Nasdaq index, which is dominated by technology stocks, rose on Tuesday, providing positive signals for Bitcoin and other risky assets. He believes that Bitcoin's decline may be short-lived.