Data released on June 11 shows that the U.S. Consumer Price Index (CPI) for May rose by just 0.1% MoM, below the market forecast of 0.2%. On a YoY basis, CPI increased 2.4%, also under the expected 2.5%.
With consumer prices cooling, inflationary pressure appears to be easing—potentially giving the Fed more room to consider monetary policy easing in the coming months.
In addition, Bitcoin has made history by staying above $100,000 for 30 straight days—the first time this has ever happened since its inception.
This milestone is largely driven by strong inflows from institutions, ETFs, and long-term investors. Optimism around U.S. inflation data continues to boost sentiment in the crypto market.
Experts believe that the $100,000 level is acting as a key psychological support and could serve as a springboard for the next rally.
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