US Inflation Surged in June, Bitcoin Price Rebounds to $117K
2025-07-15 13:14:06
Main Idea
The June US CPI data showed concerning inflation trends, with year-over-year CPI exceeding expectations, and Bitcoin's price reacted negatively to the news before rebounding.
Key Points
1. The US Consumer Price Index (CPI) for June surged by 2.7% year-over-year, slightly above the expected 2.6%.
2. Core CPI, excluding volatile sectors like food and energy, matched expectations at 2.9% year-over-year.
3. Month-over-month CPI increased by 0.3%, in line with expert forecasts.
4. Bitcoin's price dropped from over $117,000 to $116,400 after the CPI data release but later rebounded.
5. Bitcoin has declined by $6,000 since the previous day but remains up by over $10,000 since the previous Wednesday.
Description
After a few consecutive months of promising US CPI data, the numbers for June are quite concerning, and some experts even blame Trump’s tariffs against numerous nations. The Consumer Price Index for the previous month surged by 2.7% year-over-year, which is just over the expectations of 2.6%. June CPI Just Dropped Headline CPI: +2.7% YoY (vs. 2.6%, prior 2.4%) Core CPI: +2.9% YoY (vs. 2.9%, prior 2.8%) MoM CPI: +0.3% (vs. 0.3%, prior 0.1%) A bit hotter on the headline, but core came in line — no...
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