US May Core CPI Lower Than Expected, BTC Surges
According to @lookonchain, the US May Core CPI (Year-over-Year) came in at 3.4%, which is lower than the forecasted 3.5% and the previous 3.6%. Following the release of this data, the price of Bitcoin ($BTC) surged by 2.4%. This indicates a positive market reaction to the lower-than-expected inflation rate.
SourceLookonchain
@lookonchainLooking for smartmoney onchain
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