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Bitcoin dipped to $107K today before springing up. Cooling U.S. inflation gave it a boost.
The Producer Price Index (PPI) and Consumer Price Index (CPI) both came in lower than expected. That’s good news for risky assets like crypto.
When inflation slows, the Fed might lower interest rates. Lower rates mean cheaper borrowing and more cash flowing into crypto.
Despite this, the Fed still acts tough. Even Trump wants them to ease up.
Markets think the Fed will cut rates in September. No change is expected at the June 18 meeting.
The U.S. dollar took a hit. It dropped to its lowest level since March 2022.
QCP Capital says this is great for crypto. More big investors may jump in.
Meanwhile, Bitcoin traders are cautious. The price fell $4,000 in one day, but it’s bouncing back.
One trader thinks if BTC breaks past this month’s highs or lows, it’ll keep going that way.
Another trader says the $106K–$107K range is critical. If it holds, new highs could come fast.
The next target? A possible surge to $116K by the end of June.
PPI: Measures wholesale prices. CPI: Measures consumer prices. Fed: U.S. Federal Reserve, sets interest rates. CME: A futures and options trading platform.
