US inflation hits 3.8% in April, boosting energy prices and challenging Bitcoin's $80K support level.

April's US Consumer Price Index rose to 3.8% year-over-year, the highest since May 2023, driven largely by a 3.8% monthly surge in energy prices amid ongoing geopolitical tensions. This inflation increase has raised concerns about potential Federal Reserve rate hikes, affecting market sentiment. Bitcoin hovered near $80,000, facing resistance around $82,600, with key support at $76,000; ETF outflows and cautious investor demand add pressure. The market awaits a decisive move above $82,000 to confirm bullish momentum or risk a downward trend if support breaks.