Might CPI report reveals disinflation persisting as Bitcoin rises

by Jeremy

Fast Take

  • The U.S. shopper value index report for Might got here in right now with numbers decrease than anticipated.
  • The development of reducing inflation persists within the U.S.; nonetheless, the core index stays persistently excessive.
  • Following the discharge of the CPI report, Bitcoin skilled a lift, growing by 1.8% to a brand new worth of $26,400.
  • Primarily based on the present market reactions, there’s an 80% probability of a market “pause” being factored in.
BTCUSD: (Source: TV)
BTCUSD: (Supply: TV)
Source: US economic Calendar
Supply: US Financial Calendar

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