According to @rovercrc, analysis from Matt Mena, a crypto research strategist at 21Shares, indicates that softer-than-expected U.S. inflation data has put a Bitcoin (BTC) price of $200,000 firmly in play for year-end 2024. Mena stated that the recent Consumer Price Index (CPI) report, which showed cooling inflation, serves as a major bullish catalyst. He suggests that a convincing breakout for BTC above the $105,000-$110,000 range could trigger a rapid move to $120,000. This positive macroeconomic development, which increases the likelihood of Federal Reserve rate cuts, could accelerate Bitcoin's price trajectory significantly. Mena also noted that growing institutional adoption, impending stablecoin regulation, and increased ETF inflows are additional factors reinforcing this bullish outlook for Bitcoin.

According to @MI_Algos, a softer-than-expected U.S. inflation report is a significant bullish catalyst that could propel Bitcoin (BTC) to new highs. Matt Mena, a crypto research strategist at 21Shares, suggests that this cooling CPI data makes a $200,000 price for Bitcoin by the end of the year 'firmly in play.' This outlook is supported by several positive macroeconomic factors, including a weakening U.S. Dollar Index (DXY), which Andre Dragosch of Bitwise noted is very bullish for Bitcoin. Further strengthening the case is the strong positive correlation between BTC and Nvidia (NVDA) stock, which recently hit a record high. Additionally, bond market indicators, such as a steepening yield curve, are signaling a potential recession, which could prompt Federal Reserve rate cuts and increase institutional flows into Bitcoin.

According to @rovercrc, recent softer-than-expected U.S. inflation data has significantly boosted the outlook for Bitcoin (BTC), with a year-end price of $200,000 now considered a real possibility. Matt Mena, a crypto research strategist at 21Shares, stated that the favorable Consumer Price Index (CPI) report acts as a major bullish catalyst. Mena suggests that if BTC decisively breaks the $105K-$110K range, it could rapidly move to $120K and potentially hit $138.5K by summer's end, with the $200K target now 'firmly in play'. This outlook is supported by traders pricing in approximately two Fed rate cuts this year following the inflation news. Further positive sentiment comes from the successful launch of the REX-Osprey Solana + Staking ETF (SSK), which saw strong initial trading volume. However, Vetle Lunde, head of research at K33, warns of potential volatility in July stemming from U.S. policy events, including a new budget bill and tariff deadlines, but notes that contained market leverage may favor holding spot positions.

According to Francisco Rodrigues, bitcoin (BTC) dropped 1.7% due to rising Middle East tensions, as investors shifted to safe havens like gold, causing broader crypto market declines. However, subdued U.S. inflation data increased expectations for Federal Reserve rate cuts, potentially boosting risk assets. Boris Alergant noted BTC could reach $200,000 by year-end due to institutional demand, while James Butterfill highlighted $900 million in digital asset inflows indicating rebounding confidence.