Markets
Bitcoin (BTC) Price Surges After June CPI Turns Negative
Bitcoin has been under considerable pressure in recent weeks since hitting an all-time high above $73,500 at the end of Q1. Q2 saw a slowdown in inflows and even considerable net outflows for U.S.-based spot ETFs. Then, in late June and early July, a flood of supply from the sale of government holdings and the return of Mt. Gox tokens sent the price crashing below $54,000 at one point, nearly 27% below that record high.