$BTC

Macroeconomic data support: Inflation cooling, Federal Reserve turning dovish

May CPI data:

• CPI year-on-year: 2.3%, lower than the expected 2.4%

• Core CPI: 2.8%, in line with expectations

The market has re-priced the Federal Reserve's interest rate cut expectations:

• Probability of a rate cut in September exceeds 70%

• Expectations of liquidity easing have strengthened support for risk assets such as Bitcoin.

ps: What's going on with Binance wallet tonight?