Bitcoin and Crypto Markets Rebound on Biden's Optimism for Fed Rate Cut

• Bitcoin price recovers 2.5% on day after Biden expresses optimism Fed will cut rates this year • Wider crypto market also rises - market cap up 2.3% to $2.77T; top cryptos in green • Inflation still high at 3.5% in March, but Biden expects rate cut by end of year • Bitcoin ETFs see reversal of recent outflows with $123.7M entering • Grayscale GBTC sees lowest outflows after CEO claims nearing "equilibrium"