The post June CPI Data Gets Released: How Will Crypto React? appeared on BitcoinEthereumNews.com.

Key Insights: June CPI rose to 2.7%, casting doubt on a July Fed rate cut. This has pressured Bitcoin so far, as speculation mounts. Bitcoin slipped from $123K to $116K, but important support levels still show signs of long-term strength. Traders see $117K as a buying opportunity, while all eyes turn to upcoming PPI data and Fed comments. Bitcoin faced downward pressure this week as the U.S. Consumer Price Index (CPI) data for June showed a persistent inflation trend.  This development shook investor confidence and likely triggered the pullback from Bitcoin’s recent highs. Considering the rising inflation for the second consecutive month and the dim interest rate cut hopes, the crypto market might have just entered one of its most important phases. Let’s unpack what’s happening and why this may still be a buying opportunity for Bitcoin believers. Inflation Rises Again, Dims Hopes for July Rate Cut The U.S. Bureau of Labor Statistics released its CPI data for June on July 15.  According to the report, headline inflation rose 2.7% year-over-year, up from 2.4% in May. This marks the highest reading since February with core inflation (excluding food and energy prices) ticking up to 2.9%. As it stands, this is the second consecutive month of rising inflation, and has just ended a five-month streak of falling numbers. Moreover, it has done much to raise investor fears about inflation being stickier than previously thought.  Month-over-month, CPI rose by 0.3%, at its fastest pace in five months while core CPI increased by 0.2%. Put simply, the data has cast doubt on a July interest rate cut by the Federal Reserve. According to the CME FedWatch Tool, the odds of a cut have dropped massively to between 4.25% and 4.50%. Lower odds of a FED rate cut, Source: CME Bitcoin Drops From $123K…

---

Filed under: News - @ July 16, 2025 2:26 pm