Bitcoin trims losses after core CPI rises less than feared 0.2% in May
Hex37's read
- Bitcoin saw losses trimmed following a lower-than-expected core CPI increase.
- Headline inflation met expectations at 0.5% for May.
- Core CPI rose 0.2%, beating market forecasts and pleasing investors.
What it means for traders
- Positive CPI data may lead to a short-term bullish sentiment for BTC.
- Traders may watch for continued correlation between inflation data and BTC price action.
Affected markets
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