Bitcoin price odds drop ahead of US CPI release

Bitcoin price odds declined before the US CPI release as market sentiment showed increased risk aversion and potential volatility due to geopolitical and economic uncertainties. Following the data, Bitcoin price movements occurred as the May US CPI reached a two-year high. The regular CPI experienced a more significant increase than the Core CPI, a trend driven primarily by the substantial rise in energy costs resulting from the ongoing war, impacting the broader crypto market.