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May CPI report shows disinflation persisting as Bitcoin rises

GameFi

By Press Last updated Jun 13, 2023

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.