CPI
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Bitcoin climbs above $62,000 after May CPI report
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Bitcoin rose above $62,000 on June 10 after US inflation data came in line with expectations. The May Consumer Price Index rose 4.2% year over year, matching forecasts and marking the fastest pace in three years.
Inflation figures released this week surprised markets with hotter-than-expected readings, yet major stock indexes and cryptocurrency prices showed little lasting reaction.
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US consumer prices rose more than expected in April, sending stocks lower and pushing bitcoin briefly under the key $80,000 level before a modest recovery. The data reinforced bets that the Federal Reserve will hold rates steady.
April 15, 2026 08:26