Inflation Figures in the US Rise in June, Bitcoin Recovers to $117K

The US Consumer Price Index (CPI) for June exceeded expectations, increasing by 2.7% year-on-year. The Core CPI, excluding unstable sectors like food and energy, met the anticipated 2.9%. The increase in the month-over-month CPI was also in line with predictions at +0.3%. Some experts attribute these changes to the impact of President Trump's tariffs. Earlier months saw benefits from decreasing gas prices and housing sector disinflation, but the situation has now changed.

Concurrently, Bitcoin's price responded to the released data by initially dropping from over $117,000 to $116,400, before bouncing back to its initial position. Despite a $6,000 fall since the day before, Bitcoin had increased by over $10,000 since the previous Wednesday, reaching a new all-time high of over $123,000.