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VisitWhat will be Bitcoin's price range by June 30, 2024?
$65,000 - $69,000 • 25%
$69,001 - $73,000 • 25%
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Publicly available cryptocurrency market data (e.g., CoinMarketCap, CoinGecko, etc.)
Bitcoin Surges 2.4% Above $69,000 on Lower-than-Expected US CPI Data
Jun 12, 2024, 12:49 PM
Bitcoin surged above $69,000 following the release of the US Consumer Price Index (CPI) data for May, which showed lower-than-expected inflation figures. The CPI was unchanged month-on-month, against an expected increase of 0.1%, and rose 3.3% year-on-year, below the anticipated 3.4%. Core CPI increased by 0.2% month-on-month, also below the forecasted 0.3%, and rose 3.4% year-on-year, lower than the expected 3.5%. The price of Bitcoin increased by 2.4% after the data was released. Energy fell 2.0%, shelter rose 0.4%, and food increased by 0.1%.
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$69,001 - $78,000 • 25%