CoinVoice has recently learned that the US May CPI rose 2.4% year-on-year, lower than market expectations (2.5%), triggering higher expectations for interest rate cuts within the year. Some believe that the greater-than-expected slowdown in inflation may serve as a catalyst for Bitcoin to accelerate its rise.

Matt Mena, a crypto research strategist at 21Shares, expects BTC to rise to $120,000 in the short term, $138,000 in the second half of the year, and $200,000 by the end of the year if BTC breaks through the $105,000 to $110,000 range. It pointed out that the continued weakening of inflation has strengthened the foundation of monetary easing, coupled with the increase in the number of BTC reserve companies and the launch of BTC reserve plans in many states in the United States, which will jointly promote the net inflow of funds and support the medium- and long-term trend of Bitcoin price.