Bitcoin BTC climbed back above $104,000 on Tuesday with welcome fresh inflation data, President Trump's bullish outlook on financial markets, and Coinbase's inclusion into the S&P 500 among catalysts for the advance. April’s Consumer Price Index (CPI) came in cooler than anticipated, which may allay pressure on the Federal Reserve anxious about inflation due to tariffs. Fed Chair Jerome Powell's scheduled speech on Thursday could provide further policy guidance.