š® Yesterday something happened that deserves more attention than it received.
The May CPI in the U.S. came in at 4.2% year-over-year. The highest figure in three years.
The expected reaction was panic in the markets. Massive sell-offs. Bitcoin drop $BTC
But that didnāt happen.
Bitcoin briefly surged to $62,000 and then stabilized around $61,400. Analysts were expecting worse.
Why? Because the core CPI ā the one that excludes energy and food, providing the cleanest signal on structural inflation ā came in at 0.2% month-over-month. Less than expected.
That matters. It means inflation is still high, yes, but the deeper, harder-to-control part is cooling off at the margins.
And then Trump said something that created more noise than the data itself:
āI love inflation.ā
While oil surpassed $90 a barrel due to tensions with Iran. While consumers in the U.S. were paying $4.16 $USDT per gallon of gas. While the markets were processing everything at once.
In this context, Bitcoin showed something important: itās no longer mechanically reacting to macro data. Itās picking up on the nuances.
Thatās market maturity. Or the bottom is very close.
Which of the two readings do you think is more likely? $USDC
#bitcoin #inflaciĆ³n #Macro #InstitutoBlockchain #FranBerlin
The May CPI in the U.S. came in at 4.2% year-over-year. The highest figure in three years.
The expected reaction was panic in the markets. Massive sell-offs. Bitcoin drop $BTC
But that didnāt happen.
Bitcoin briefly surged to $62,000 and then stabilized around $61,400. Analysts were expecting worse.
Why? Because the core CPI ā the one that excludes energy and food, providing the cleanest signal on structural inflation ā came in at 0.2% month-over-month. Less than expected.
That matters. It means inflation is still high, yes, but the deeper, harder-to-control part is cooling off at the margins.
And then Trump said something that created more noise than the data itself:
āI love inflation.ā
While oil surpassed $90 a barrel due to tensions with Iran. While consumers in the U.S. were paying $4.16 $USDT per gallon of gas. While the markets were processing everything at once.
In this context, Bitcoin showed something important: itās no longer mechanically reacting to macro data. Itās picking up on the nuances.
Thatās market maturity. Or the bottom is very close.
Which of the two readings do you think is more likely? $USDC
#bitcoin #inflaciĆ³n #Macro #InstitutoBlockchain #FranBerlin