#bitcoin Bitcoin is trying to consolidate its gains above the $70,000 psychological support. The recent $887 million inflow into Bitcoin exchange-traded funds (ETFs), recorded on June 4, has helped drive positive sentiment around the cryptocurrency, according to data from Farside Investors.
Analysts are paying close attention to upcoming data from the United States Consumer Price Index (CPI). After the 0.1% drop in CPI on May 15, Bitcoin began a 7% rise over the next five days. According to Markus Thielen, head of research at 10x Research, if the annualized CPI stays at 3.3% or less, Bitcoin could reach a new all-time high.

Given this, analyst Rakesh Upadhyay highlighted that four cryptocurrencies should benefit this week from the optimism of the crypto market. He points out that Bitcoin, Ethereum, BNB and Solana are expected to record new all-time highs soon.
