Bitcoin Taps $110,000 Following Cooler-Than-Expected US Inflation Data – New High Coming?
2025-06-23 14:36:53
Description
Earlier today, Bitcoin (BTC) briefly climbed above the $110,000 mark after the release of cooler-than-expected US Consumer Price Index (CPI) data. The softer inflation reading strengthens the case for the US Federal Reserve (Fed) to begin cutting interest rates – a development that could benefit risk-on assets like BTC. Bitcoin Gains As US Inflation Softens Today, the US Bureau of Labor Statistics released the May 2025 CPI report, showing signs that inflation is continuing to ease. Both the head...
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