With inflation in the US remaining below expectations, the Bitcoin (BTC) price remained stable in the $110,000 band. The Consumer Price Index (CPI) for May increased by 2.4% on an annual basis, while headline inflation rose for the first time since January, while the overall inflation trend continued to slow. Core inflation remained stable at 2.8%. Financial markets showed limited reaction to the data, with Bitcoin trading in the $109,600-$110,100 range, while U.S. stocks continued their volatile course with a slight increase. Nansen Chief Research Analyst Aurelie Barthere said the current data will have limited impact on the market. “This data is not expected to create a strong movement in the markets,” Barthere said, arguing that US-China trade talks have become a more important macro factor. “The progress or setbacks in these talks could be decisive for risk assets.” Ahead of the CPI data, President Donald Trump announced on Truth Social that a new tariff agreement between the US and China has been completed and only formalities remain. Trump also called on the Fed to cut interest rates by a full percentage point. Nic Puckrin, founder of Coin Bureau, said that falling inflation and “exaggerated” tariff concerns could prompt the Fed to cut interest rates. “I expect inflation to continue to trend downward throughout the year. This could give the Fed confidence to cut interest rates,” Puckrin said, adding that this could trigger Bitcoin’s final bullish phase of this cycle. “With almost half of the year behind us, the inflation monster still remains in its cage despite all the pessimistic forecasts,” he added. *This is not investment advice.