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06/12 14:15

Bitcoin Climbs Slightly as US Reports Inflation Sl

Bitcoin Climbs Slightly as US Reports Inflation Slowed in May

Bitcoin Climbs Slightly as US Reports Inflation Slowed in May
Bitcoin climbs toward $110K as May inflation comes in lower than expected, boosting hopes for Fed rate cuts and crypto momentum.
By James Rubin

3 min read

Jun 11, 2025


Bitcoin gained half a percentage point after the May Consumer Price Index showed that prices rose 2.4% in May, showing that U.S. President Donald Trump's trade war has had a limited impact on prices.

The 2.4% increase is lower than all 73 forecasters predicted in the latest Bloomberg survey.

The largest cryptocurrency by market capitalization was recently hovering just below $109,000, but has now risen closer to $110,000. BTC has gained 4.4% in the past seven days, amid renewed hopes for a settling of tariff tensions and as the list of companies plotting corporate Bitcoin treasuries has continued to grow.

Major altcoins performed similarly with Ethereum, the second largest crypto by value, and Solana rising 1% and 1.7% in the past hour after both having gained about 7% in the past week. SOL is currently changing hands for $167.09, according to CoinGecko data.

"Crypto has so much momentum right now due to macro demand for Bitcoin and regulatory clarity for DeFi that the rally can probably continue whether the Fed cuts or not," Zach Pandl, head of research at Grayscale, told Decrypt in an email. The lower-than-expected reading could make it more likely that the Federal Reserve considers a rate cut.

"Fed rate cuts should be considered negative for the value of the dollar and positive for assets that compete with the dollar," he added, "including other foreign currencies, physical gold, and Bitcoin."

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