Bitcoin rises alongside stocks after inflation eases in April

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Bitcoin rallied on Wednesday, along with major equities, after cooler U.S. Consumer Price Index (CPI) data for April.

Bitcoin rallied on Wednesday, along with major equities, after cooler U.S. Consumer Price Index data for April.

The bitcoin price increased 3% in the past 24 hours and was changing hands for $63,751 at 9:20 a.m. ET, according to The Block's Price Page.

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