‘Soft print, hard regime’: Bitcoin climbs toward $64,000 as June CPI falls 0.4% in largest monthly drop since 2020
The Block·
60-second summary
Bitcoin surges toward $64,000 as June's 0.4% Consumer Price Index drop, the largest monthly decline since 2020, fuels a shift in analyst sentiment from fears to a summer recovery case, with core inflation holding steady at 2.6% annually, indicating a potential easing of monetary pressures and a boost to the cryptocurrency market.
June CPI fell 0.4% and core held at 2.6% annually, lifting BTC toward $64,000 as analysts flip from fears to a summer recovery case.