CPI was released yesterday.

While core CPI(Consumer Price Index) is lower than expected, CPI (YoY) (May) records ATH(All Time High) since 2023. The main reason is energy, definitely. The U.S.-Iran war has lasted for a long time than most people expected.

If CPI (YoY) keeps increasing, rate cuts won't likely be happened. But, there's a game changer. If Trump signs agreement of the end of the war, I think the crypto market will recover, quickly.