Under pressure of late on ideas that interest rates were likely to stay higher for longer, bitcoin rose more than 1% on the news. The monthly pace of inflation in the U.S. eased a hair in April, according to the government's Consumer Price Index (CPI), rising 0.3% versus 0.4% in March and economist forecasts for 0.4%. On a year-over-year basis, CPI was higher by 3.4% versus estimates for 3.4% and 3.5% in March.