US CPI Inflation Drops To 2.3%, Bitcoin Price To Hit ATH Soon?

By: cryptosheadlines|2025/05/13 22:30:08
0
Share
copy
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com The Bitcoin price has received a massive boost following the release of the US CPI inflation data. The latest data shows that inflation in the US is cooling off, a development which is bullish for risk assets like BTC. In line with this, crypto analyst Jelle has predicted that the flagship crypto could soon reach its all-time high (ATH).Bitcoin Price Eyes ATH As US CPI Inflation Drops To 2.3%In an X post, Jelle affirmed that the Bitcoin price could rally to its current ATH and hit a new one soon. The analyst alluded to the latest US CPI inflation data as the reason for the bullish outlook for the leading crypto.He remarked that the CPI just hit its lowest in four years and that the economy is strong. As such, he believes it’s time for risk assets, including BTC, to enjoy further rallies to the upside. Indeed, the US Bureau of Labor Statistics data shows that the CPI dropped to 2.3% year-on-year, lower than market expectations of 2.4%. Inflation also fell to 0.3% month-on-month, lower than expectations of 0.3%.This latest inflation data comes just days after Jerome Powell and the Fed left interest rates unchanged following the May FOMC meeting. This data further strengthens the case for a Fed rate cut with inflation cooling off.However, traders are still betting against a rate cut at the June and July FOMC meetings and expect the first cut to come in September. A rate cut is bullish for the Bitcoin price, since it usually attracts more capital into the flagship crypto.The Next Major Move Will Follow The BreakoutIn an X post, crypto analyst Titan of Crypto stated that the next move for BTC will follow the breakout. For now, the analyst noted that the Fair Value Gap (FVG) is acting as support for BTC just as expected. His accompanying chart showed that this FVG is just above the $100,000 level.The analyst had earlier warned that Bitcoin could drop below $100,000 to revisit the Tenkan, which is currently at $99,500. Meanwhile, crypto analyst Rekt Capital also predicts that BTC could soon break out to new all-time highs.The Bitcoin price has followed a roadmap he outlined in an earlier analysis. The latest price action was the hold above the $97,000 to $99,000 range as support. With BTC holding well above these levels, the next step in the roadmap is for the flagship crypto to reach a new ATH.✓ Share: Boluwatife Adeyemi Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.Source link

You may also like

Morning News | The Hong Kong Securities and Futures Commission announced the regulatory framework for secondary market trading of tokenized investment products; Strategy increased its holdings by 34,164 bitcoins last week; KAIO completed a strategic fi...

Overview of Important Market Events on April 20

What Is an XRP Wallet? The Best Wallets to Store XRP (2026 Updated)

An XRP wallet lets you safely store, send, and receive XRP on the XRP Ledger. Learn what wallets support XRP and discover the best XRP wallets for beginners and long-term holders in 2026.

What are the Top AI Crypto Coins? Render vs. Akash: 5 Gems Solving the 2026 GPU Crisis

What are the best AI crypto coins for the 2026 cycle? Beyond the hype, we analyze top tokens like RNDR, AKT, and FET that provide real-world solutions to the global GPU shortage and the rise of autonomous agents.

What Is a Token in AI? What Is an AI Token + 3 Gems You Can't Miss in 2026

The era of AI hype has transitioned into an era of utility. As we move through Q2 2026, the market is no longer rewarding "narrative-only" projects. At WEEX Research, we are seeing a massive capital rotation into Decentralized Compute (DePIN) and Autonomous Agent coordination layers. This guide analyzes which AI tokens are capturing institutional liquidity and how to spot high-conviction setups in a maturing market.

Consumer-grade Crypto Global Survey: Users, Revenue, and Track Distribution

The number of active users of consumer-grade encryption has long reached tens of millions, but it is not in the sight of Silicon Valley and New York.

Prediction Markets Under Bias

Why do authoritative narratives always exclude prediction markets?

Popular coins

Latest Crypto News

Read more