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Inflation in the U.S. actually declined at the headline level last month and the core rate barely rose, possibly reigniting debate about whether the Federal Reserve would resume trimming rates at its next meeting in May. The Consumer Price Index (CPI …

Some traders expect a dollar unwind on any indications of a rate cut — which could bump risk assets and provide an entry for crypto investors looking to bet on higher prices.

A soft U.S. inflation report later Wednesday will likely bode well for risk assets, including bitcoin. But those expecting bullish fireworks may be disappointed.