May CPI report shows disinflation persisting as Bitcoin rises 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.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
