🇺🇸 U.S. inflation just hit a 3-year high.

May CPI came in at 4.2% YoY, exactly in line with market expectations, while Core CPI landed at 2.9%. Despite inflation remaining well above the Fed's 2% target, there were no major surprises in the report.

📈 $BTC Bitcoin reacted positively, posting modest gains as traders focused on the fact that inflation didn't come in hotter than expected. Markets appear relieved that core inflation remained contained and that the data didn't force a major shift in Federal Reserve expectations.

With inflation still elevated, the Fed is widely expected to keep interest rates unchanged at its upcoming meeting. That means macro data will continue to play a key role in Bitcoin's next major move.

👀 For now, BTC bulls remain in control, but all eyes are on the Fed and upcoming economic reports.

#USCPISurgesToThreeYearHighOf4.2% #MayCoreCPISofterThanForecastTreasuriesRise