$BTC

As of June 12, 2025, 14:00 (UTC+8), Bitcoin (BTC) is priced at $107,745, down approximately 2.3% from the high of $110,277 recorded 48 hours ago. The price has temporarily stabilized after testing the support level at $107,500, and is generally still in a high volatility range. Ethereum (ETH) hovers around $2,800, and the overall trading volume in the crypto market has slightly declined, with funds becoming more cautious. The latest U.S. data shows that the CPI for May rose by 0.1% month-on-month and by 2.4% year-on-year, while the core CPI year-on-year was 2.8%, all below market expectations, reflecting a continued moderate decline in inflation. Following the data release, U.S. Treasury yields fell, the dollar weakened, and gold prices rose, providing a short-term boost to risk assets; however, the reaction in crypto assets has been relatively mild, indicating that the market has partially priced in expectations for slowing inflation. Although the data favors expectations for easing, the Federal Reserve is likely to maintain interest rates at the upcoming rate meeting. Analysts generally believe that the window for rate cuts may be pushed back until after September. Policy uncertainty continues to constrain the market's willingness to take bullish positions. Additionally, Société Générale announced it will issue a dollar-pegged stablecoin in July, and the G7 summit will also discuss international regulatory cooperation for crypto assets. The continued involvement of traditional finance and regulatory agencies is pushing the crypto industry towards compliance and institutionalization, laying the groundwork for medium- to long-term development. $BTC