{"id":31463,"date":"2025-06-12T06:01:33","date_gmt":"2025-06-12T06:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31463"},"modified":"2025-06-12T06:01:33","modified_gmt":"2025-06-12T06:01:33","slug":"bitcoin-taps-110000-following-cooler-than-expected-us-inflation-data-new-high-coming","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31463","title":{"rendered":"Bitcoin Taps $110,000 Following Cooler-Than-Expected US Inflation Data \u2013 New High Coming?"},"content":{"rendered":"
\n

Earlier today, Bitcoin (BTC) briefly climbed above the $110,000 mark after the release of cooler-than-expected US Consumer Price Index (CPI) data. The softer inflation reading strengthens the case for the US Federal Reserve (Fed) to begin cutting interest rates \u2013 a development that could benefit risk-on assets like BTC.<\/p>\n

Bitcoin Gains As US Inflation Softens<\/h2>\n

Today, the US Bureau of Labor Statistics released<\/a> the May 2025 CPI report, showing signs that inflation is continuing to ease. Both the headline and core CPI readings came in below economists\u2019 forecasts.<\/p>\n

Specifically, the headline CPI rose by just 0.1% in May, compared to the 0.2% consensus estimate. On a year-over-year (YoY) basis, the headline CPI registered at 2.4%, slightly below the expected 2.5%, and up from 2.3% in April.<\/p>\n

Core CPI \u2013 which excludes volatile components like food and energy \u2013 also rose by 0.1% in May, versus the forecasted 0.3%. The April figure was 0.2%. On a YoY basis, core CPI came in at 2.8%, marginally lower than the 2.9% consensus.<\/p>\n

Following the inflation report, BTC saw modest gains, climbing 0.6% to briefly touch the $110,000 level before retracing slightly. The data has increased the likelihood of a Fed rate cut in the near future.<\/p>\n

According to data<\/a> from the Chicago Mercantile Exchange (CME) FedWatch Tool, traders are currently pricing in two rate cuts in 2025, with the first expected in September and the second in December.\u00a0<\/p>\n

BTC also stands to benefit from easing geopolitical tensions. US President Donald Trump stated<\/a> today that a trade deal with China \u201cis done,\u201d further boosting investor sentiment.<\/p>\n

Meanwhile, crypto analyst Titan of Crypto highlighted a bullish golden cross forming on Bitcoin\u2019s weekly chart. In a post on X, the analyst shared the following chart and emphasized the importance of BTC holding above the $109,000 level to confirm a potential breakout.<\/p>\n

\"titan\"<\/p>\n

A golden cross is a bullish technical pattern that occurs when a short-term moving average (MA) \u2013 typically the 50-day \u2013 crosses above a long-term MA like the 200-day. This crossover signals a potential shift in momentum and is often seen as an indicator of a sustained upward trend.<\/p>\n

Macroeconomic Conditions Favor A BTC Rally<\/h2>\n

Beyond easing inflation, several macroeconomic indicators support a bullish outlook for BTC. Historically, Bitcoin tends to track M2 money supply, and a rise in global liquidity could contribute<\/a> to further price appreciation.<\/p>\n

Some analysts are also drawing parallels between Bitcoin and gold. Crypto commentator Ted Pillows recently predicted<\/a> that BTC could reach $130,000 by Q3 2025, mirroring gold\u2019s performance in inflationary cycles.<\/p>\n

Importantly, the current Bitcoin market shows no signs of overheating. Unlike past bull runs, the current cycle lacks<\/a> signs of retail-driven mania, suggesting there may still be significant upside potential. At press time, BTC trades at $109,876, up 1% in the past 24 hours.<\/p>\n

\"bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Earlier today, Bitcoin (BTC) briefly climbed above the $110,000 mark after the release of cooler-than-expected US Consumer Price Index (CPI) data. The softer inflation reading strengthens the case for the US Federal Reserve (Fed) to begin cutting interest rates \u2013 a development that could benefit risk-on assets like BTC. Bitcoin Gains As US Inflation Softens […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31463","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31463"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31463\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}