Bitcoin Rebounds to $117K on Inflation Spike

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BTC is down by over six grand since its ATH yesterday.

After a few consecutive months of promising US CPI data, the numbers for June are quite concerning, and some experts even blame Trump’s tariffs against numerous nations.

The Consumer Price Index for the previous month surged by 2.7% year-over-year, which is just over the expectations of 2.6%.

The Core CPI, which excluded more volatile sectors like food and energy, matched the expected numbers of 2.9%. The month-over-month CPI increase is also the same as what experts anticipated, at +0.3%.

According to some reports, previous months benefited from falling gas prices and disinflation within the housing sector. However, the landscape has since changed, and the tariffs imposed by US President Donald Trump are taking effect as well.


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