📈 Bitcoin is close to a record ahead of inflation data 🚀
🔥 Bitcoin is trading around $109,500, just 2% away from its all-time high (~$112,000) — all eyes are on today’s inflation report in the US (CPI for May).
📌 **What does this mean?**
A high CPI could prevent the Fed from lowering rates and limit risk appetite, which would impact crypto negatively.
Low data will strengthen hopes for a "dovish" policy and lead to an increase in BTC and altcoins (ETH +4.3%, SOL +5.2%).
🔍 **What to watch for:**
Compare the inflow volumes in BTC/ETH-ETF: $431 million in BTC and 17 consecutive days for ETH.
Watch for ETH's reaction — breaking $2,800 could propel it to new levels.
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"What price do you expect for Bitcoin after CPI — a new ATH or a pullback?"
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