Woofun AI data shows that the US June Consumer Price Index (CPI) declined 0.4% month-over-month, surpassing the 0.1% expected drop and reversing May's 0.5% increase. Year-over-year CPI stood at 3.5%, below the 3.8% forecast. Core CPI remained flat in June, defying the 0.2% rise expectation, while its year-over-year rate held at 2.6%.

Following the release, BTC price climbed to $63,400, marking a 2% gain within 24 hours. CME FedWatch indicates the likelihood of a July rate cut has jumped from 8% to 42%. Federal Reserve Chairman Kevin Warsh is scheduled to testify before Congress regarding economic conditions.