Although most experts anticipated slightly lower US Consumer Price Index numbers for June due to the ongoing ceasefire at the time in the Middle East, the actual data is more promising, showing an even larger decline.
The month-over-month drop is 0.4%, which breaks a three-month streak of consistent increases. BTC’s price reacted with an immediate surge of almost a grand that pushed it to $63,500 briefly.
However, a closer look at the data tells a different story. A large portion of the CPI decline from May’s multi-year record was due to the drop in oil prices in June because of the ceasefire signed between the US and Iran.
The Core CPI, which strips out more volatile sectors such as energy and food, remains unchanged. Furthermore, the ceasefire between the two warring nations ended last week, and the tension has substantially escalated. Oil prices have jumped once again, meaning the July data is likely to surge.
According to a recent analysis, BTC traders are closely monitoring the situation as it could provide a glimpse into the upcoming FOMC meeting, in which the Fed could hike the rates.
Analysts predicted that a reading above 4% YoY could lead to further tightening of monetary policy, impacting BTC negatively. However, the actual 3.5% figure might have the opposite effect.
Bitcoin’s initial reaction was quite positive, as the asset jumped to a daily peak of $63,600 before it retraced slightly. More volatility is expected as the news unfolds and the market prices in the next FOMC meeting.
The post Bitcoin Price Rockets as US CPI for June Comes in Well Below Expectations appeared first on CryptoPotato.
小靓分析：
🦊 小靓解读
6月美国CPI月率意外下滑0.4%，打破连涨势头，比特币短线拉升近千美元至63,500，但核心CPI未变，表明通胀粘性仍在。
📊 市场影响
油价回落是CPI下降主因，而美伊停火已结束，能源价格反弹风险仍在。短期BTC可能围绕63,000-65,000震荡，若核心CPI后续走强，宏观压力或再度施压。
💡 操作建议
短线可关注CPI数据带来的情绪修复行情，但勿追高。建议等待核心CPI确认趋势后再布局，控制仓位，防范停火结束后的能源价格反弹风险。
风险提示：
该资讯来源于公开渠道，仅供参考。Traceless 无痕智盈平台不对此信息准确性做任何保证。