The price of Bitcoin had a first upward reaction, although today it will be a day of great volatility.
Investors expect official communications on negotiations between the USA and China.
Inflation data in the United States corresponding to May had figures below expected, which reinforced the expectations that the Federal Reserve cut interest rates in 2025.
According to reported The Office of Labor Statistics (BLS), The consumer price index (CPI) rose 0.1% in monthly terms, compared to 0.2% anticipated by analysts and the same percentage recorded in April. In the interannual comparison, the IPC without seasonal adjustment was 2.4%, below the 2.5% planned and slightly above 2.3% of the previous month.
As for the underlying inflation – which excludes food and energy – the monthly progress was also 0.1%, well below the estimated 0.3% and less than 0.2% last month. In the interannual measurement, the underlying inflation remained at 2.8%, as in April and slightly below the 2.9% expected the market.
These figures reinforce the feeling of inflationary relief And they begin to have an impact on monetary expectations.
The price of Bitcoin, as seen in the image below, had a first upward reaction:
Anyway, Investors are waiting for official communications on negotiations between the United States and China in terms of tariffs to international trade. As Cryptonotics reported this morning, the bilateral dialogue has concluded and, apparently, the results would be favorable for both nations.
