Bitcoin Price Prediction as US Inflation Rate Data is Announced – Is the Bear Market Over?

The latest data on the US inflation rate indicates that consumer prices increased by 4% from a year earlier, marking a decrease from April's 4.9% and a significant drop from last June's 40-year high of 9.1%. The Labor Department's consumer price index reveals that this is the smallest yearly increase since March 2021. Additionally, on a monthly basis, prices saw a modest rise of 0.1% compared to April's 0.4% increase. ... Read More: Bitcoin Price Prediction as US Inflation Rate Data is Announced – Is the Bear Market Over?