Bitcoin soars to $65,000! Thanks to inflation?

Bitcoin has just made an incredible comeback! Buoyed by the euphoria of the latest inflation figures in the United States, the crypto queen slammed a record festival this Monday, coming close to $65,000. A huge breath of fresh air to restart the bullish machine!

May CPI, a breath of fresh air for bitcoin

Bitcoin investors awaited the publication of the American consumer price index with great impatience. And for good reason, this crucial data on inflation would dictate the Fed's next decision on rates.

Against all expectations, the figures on inflation have indeed delivered a reassuring trend. The “core” CPI thus fell to 3.8% over one year, its lowest level in 3 years. A huge relief for the markets which are finally hoping to see the end of the cycle of destructive rate hikes! The celebration was immediate on Wall Street where the flagship indices soared to new heights.

The call of the summits for BTC?

To ride this ambient euphoria, bitcoin did not waste a second! The famous crypto jumped directly into the breach to resume its crazy rise. In a few hours, $64,700 was already exceeded in a completely crazy bullish whirlwind.

For seasoned analysts, this price awakening is only just beginning. With such CPI figuresthe probability of an accommodating pivot from the Fed is increasing at high speed. To the point that some no longer hesitate to bet on a rate cut from July, a new earthquake for bitcoin!

Galvanized by the latest IPC figures, bitcoin is waking up to flirt with new unexplored heights. And this is only the beginning according to experts, who see in this renewed energy the beginnings of a new large-scale bullish super-cycle! It's time for euphoria in the crypto market, the machine is starting again to tackle new records. Get ready, the relaunch of bitcoin promises to be dazzling and memorable!