Bitcoin Inches up as Inflation Fears Subside
2025-07-08 18:34:59
Main Idea
Bitcoin's price saw a slight increase as inflation expectations in the U.S. softened, according to the New York Federal Reserve's Survey of Consumer Expectations.
Key Points
1. The New York Federal Reserve’s June survey showed Americans expect inflation to be around 3% a year from now, down 0.2% from May.
2. Bitcoin's price rose 0.44% following the news, trading between $107,499.56 and $109,198.97.
3. Actual inflation measured by the CPI was 2.4% in May, still above the Federal Reserve's 2% target.
4. Bitcoin's market capitalization increased by 0.74% to $2.16 trillion, while BTC dominance slightly dropped to 65.09%.
5. Trading volume for Bitcoin was mostly flat, with a 0.50% increase to $45.20 billion.
Description
Americans have virtually stopped worrying about tariff-induced inflation according to a monthly survey published by the New York Federal Reserve. BTC Edges Higher on Softer Inflation Expectations The New York Federal Reserve’s Survey of Consumer Expectations for June, published on Tuesday, shows that Americans expect inflation to be around 3% a year from now which
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