From Cointelegraph

June 11, 2025 3:15 PM:

The cryptocurrency market saw positive movement following the CPI report and easing trade war tensions. Bitcoin approached $109,000, while Ether rose 3% to over $2,800. S&P 500 futures dipped after Trump’s US-China trade deal announcement, indicating a potential shift in crypto’s relationship with traditional assets.

US CPI data showing a 2.4% annual inflation rate calmed concerns amid the ongoing trade war. The US Dollar Index dropped to a 7-week low, signaling investor doubt in the Fed’s ability to manage economic risks. JPMorgan CEO warned of private credit risks, highlighting concerns over a potential recession.

Futures-based probabilities indicate a 73% chance of Fed rates hitting 3.75% or higher by December, up from 42.5% a month ago. Higher interest rates can negatively impact debt issuance and refinancing costs, affecting risk-on assets. Cryptocurrencies could benefit from this environment as traders anticipate added liquidity from central banks.

Read more at Cointelegraph: Crypto Prices Set To Move Higher After US Progress on Trade