World markets are locked on today’s US inflation data. Inflation data, which came in at 3.3% in May, is expected to fall to 3.1% in June. If the figures come within expectations or lower, it will increase the likelihood that the Fed will start interest rate cuts in September.

Bitcoin at critical level

Last week, due to the German state and Mt. Bitcoin, which fell to $ 53,000 due to the German state and Mt. Gox sales, recovered later but could not reach the $ 60,000 level. Analysts state that in order for the upward movement in Bitcoin to continue, daily and weekly closures above this level are required. Therefore, today’s US inflation data will also be periodic in terms of the movements of risky assets such as Bitcoin.

S&P 500 and Nasdaq not satisfied with records

Powell, the chairman of the Fed, spoke positively about the Fed’s interest rate cuts at the Congress meetings in the last two days, but did not make clear statements. Stating that they will continue to depend on the data, Powell’s statements were largely positive and brought records in the S&P 500 and Nasdaq. The two indices, which broke historical records in a row this year, completed yesterday evening at the top.

The S&P 500 broke the 5600 level for the first time in history, while the Nasdaq broke a record for the 7th time in a row and closed the day above 20,675.

It is seen that the rises in the indices are mostly triggered by the increases in large stocks.

These rises were not reflected in Bitcoin. The largest crypto is trading at around $58,000 at the time of writing. If today’s inflation data comes in low (or as expected), it may also move the Bitcoin price upwards.