Mapping Bitcoin, Ethereum’s moves amid Middle Eastern tensions, tariff wars

Ethereum enjoyed institutional confidence despite mid-week chaos.

• Bitcoin slipped from $110K to $107K amid Middle Eastern tensions. 
• ETH has strengthened against BTC; will it maintain the lead? 

Bitcoin [BTC] briefly retested $110K on the 11th of June after softer U.S. inflation data (2.4% annual basis against 2.5% forecast). But it later fell to $107K on Israel-Iran tensions. 

Despite the price swings, 21Shares crypto research strategist Matt Mena said the cooler CPI (Consumer Price Index) inflation data could fuel a BTC rally in the long run. In an email statement to AMBCrypto, Mena stated, 

“Today’s CPI print may serve as a bullish catalyst for Bitcoin – and it may be the unlock that brings this target ($138.5K) forward by several months.”

He projected that BTC could surge to $120K if it decisively breaks out above $110K and tags $138.5K by the end of the summer. The end-of-year target remained the same — $200K — citing BTC’s corporate trend

But Ethereum [ETH] was stealing the show in the short term.