Bitcoin

May CPI report shows disinflation persisting as Bitcoin rises

06/13/2023
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Quick Take

  • The U.S. consumer price index report for May came in today with numbers lower than expected.
  • The trend of decreasing inflation persists in the U.S.; however, the core index remains persistently high.
  • Following the release of the CPI report, Bitcoin experienced a boost, increasing by 1.8% to a new value of $26,400.
  • Based on the current market reactions, there’s an 80% likelihood of a market “pause” being factored in.
BTCUSD: (Source: TV)
BTCUSD: (Source: TV)
Source: US economic Calendar
Source: US Economic Calendar

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