After the release of the Consumer Price Index (CPI) for May, Bitcoin's price momentum has further strengthened. The index shows an inflation rate increase of 2.4%, far below the general expectations of 73 economists surveyed by Bloomberg. The weakening inflation data has sparked market participants' expectations that the Federal Reserve may cut interest rates later this year, which is usually favorable for risk assets like cryptocurrencies. As the largest digital asset by market capitalization, Bitcoin has approached the threshold of $110,000, rising 4.4% in the past week. The general easing of trade tensions and the increasing number of companies incorporating Bitcoin into their financial strategies have supported Bitcoin's upward momentum, highlighting the continuous strengthening of institutional investor confidence.
