June 17, 2025

Bitcoin Price Surges Near $60K After US CPI Data Indicates Slowing Inflation

1 min read

The US Bureau of Labor Statistics (BLS) has released the latest Consumer Price Index (CPI) data for this month. This data has traditionally led to heightened activity within cryptocurrency markets, causing notable price movements. In June, the CPI for urban consumers declined by 0.1% on a seasonally adjusted basis, marking a year-over-year change of 3%.

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Source: CoinOtag

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