📈 The price of bitcoin reacted positively after the inflation data in the U.S. was released. The CPI for May rose only 0.1% month-over-month, below what the market expected.
🏦 The year-on-year inflation stood at 2.4% and the core inflation at 2.8%, which reinforces the expectation of a rate cut by the Federal Reserve in the coming months.
🌐 Meanwhile, the market remains attentive to official statements regarding trade negotiations between the U.S. and China, which could add more momentum to the price of BTC.
Do you think this will break ATH?
❤️ = Yes, it’s imminent
👀 = It might push a little
🤔 = Not enough yet
