
Bitcoin rose 2.5% to $62,410 after US CPI hit 4.2% year over year in May, matching economist forecasts. The rebound does not confirm a bullish reversal, as BTC still trades below key short-term resistance levels, raising odds of a dip below $60,000 in June.
Tap to vote and see what everyone thinks.
Summary by ByteBrief
Bitcoin, Ethereum Resume Rebound as Inflation Hits 3-Year High