May CPI report shows disinflation persisting as Bitcoin rises

Quick Take

• The U.S. consumer price index report for May came in today with numbers lower than expected.
• The trend of decreasing inflation persists in the U.S.; however, the core index remains persistently high.
• Following the release of the CPI report, Bitcoin experienced a boost, increasing by 1.8% to a new value of $26,400.
• Based on the current market reactions, there’s an 80% likelihood of a market “pause” being factored in.

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