#TrumpTariffs BTC Maintains Stability as Inflation Decreases and the Trade Agreement Between the US and China Strengthens Market Sentiment.

A winning circle may be in the cards for the Trump administration as it successfully reached a trade agreement with China following a series of meetings in London. Back home, the US Bureau of Labor Statistics revealed lower-than-expected inflation data for May. Stock markets soared on this news, but Bitcoin remained stable just below $110K, even dipping below $109K later in the afternoon.

The Consumer Price Index (CPI) increased by 0.1% in May, slightly raising the annual inflation rate to 2.4%. Economists at the analytics firm Factset had predicted an increase of 0.2% to 2.5% on Tuesday. The S&P 500, Nasdaq, and Dow indices rose by 0.17%, 0.10%, and 0.49% respectively.