According to Matt Mena, crypto research strategist at 21Shares, the recent softer-than-expected U.S. Consumer Price Index (CPI) data serves as a major bullish catalyst for Bitcoin (BTC), putting a $200,000 price target by the end of the year 'firmly in play.' Mena suggests that if BTC breaks out of the $105,000-$110,000 range, it could see a rapid move toward $120,000. He notes that the cooling inflation increases the likelihood of the Federal Reserve easing its policy later this year, which would further benefit Bitcoin. Mena also highlights other positive factors such as increasing sovereign and institutional adoption and progress in stablecoin regulation. Separately, a Coinbase Research report supports a constructive outlook for the second half of the year, citing an improving macroeconomic backdrop, growing corporate adoption of digital assets, and significant regulatory progress with bills like the GENIUS Act and CLARITY Act.

According to @rovercrc, while major cryptocurrencies like Dogecoin (DOGE), Solana (SOL), and Ether (ETH) are showing signs of profit-taking, the broader market sentiment remains constructive due to improving macroeconomic conditions. Matt Mena, a crypto research strategist at 21Shares, stated that Wednesday's softer-than-expected U.S. Consumer Price Index (CPI) report is a significant bullish catalyst, putting a Bitcoin (BTC) price of $200,000 by year-end "firmly in play." Mena suggests that if BTC breaks the $105K-$110K range, a sharp move to $120K could follow. This outlook is supported by other analysts, with Augustine Fan from SignalPlus citing improved mainstream sentiment from crypto IPOs and corporate BTC treasury adoption. Additionally, Jeffrey Ding of HashKey Group noted that progress in U.S.-China trade talks and easing inflation create a favorable outlook for risk assets, while Thomas Perfumo from Kraken highlighted the role of spot ETFs in absorbing supply much faster than anticipated.