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Bitcoin š¤ slowing inflation
Bitcoin flirted with $110,000, but has otherwise remained steady as the U.S. reports that inflation has slowed.
Stacy Elliott
June 11, 2025
š What you need to know
Itās not the 2% that the Federal Reserve would like to see, but 2.4% inflation is a lot better than most economists predicted the U.S. would see in May.
And for a brief time, it looked like Bitcoin might jump (for joy) up to a new all-time high. It got all the way up to $110,269 on price aggregator CoinGecko, but has since retreated.
"Crypto has so much momentum right now due to macro demand for Bitcoin and regulatory clarity for DeFi that the rally can probably continue whether the Fed cuts or not," Zach Pandl, head of research at Grayscale, told Decrypt in an email.
The lower-than-expected reading could make it more likely that the Federal Reserve considers a rate cut, he added.
Pandlās tl;dr on how that could land with investors is that a cut would be bad for the value of the dollar, but good for all the assets that jockey with the dollar for portfolio real estate: "including other foreign currencies, physical gold, and Bitcoin."
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