Analysts tip pressure for Bitcoin, gold as US inflation tops 4%

Written by Martin Youngstaff writerReviewed by Felix Ngstaff editorWritten by Martin Youngstaff writerReviewed by Felix Ngstaff editorAnalysts tip pressure for Bitcoin, gold as US inflation tops 4%Latest NewsPublishedJun 11, 2026“We continue to view the current macro environment as a headwind for Bitcoin,” 10x Research’s Markus Thielen said. Market analysts have cautioned that Bitcoin and gold may face further headwinds this year following a 4.2% annual increase in the US Consumer Price Index (CPI) in May, according to figures released on Wednesday. The surge in the consumer price index, a broad gauge of goods and services costs across the US economy, deflated hopes that the central bank will reduce rates, with some analysts now expecting rate hikes later this year — bad news for riskier assets such as crypto. US inflation surges to a three-year high. Source: Trading Economics Bitcoin has already had a troubling first half of the year. Bitcoin prices have fallen 36% since January, while gold is down 23% from its January peak. At the same time, crude oil prices have surged more than 50% over the same period. “Today’s in-line CPI print keeps the Fed cautious, data-dependent, and in no rush to cut,” Iggy Ioppe, chief investment officer at institutional trading firm Theo, told Cointelegraph. CPI tracks changes over time in the prices of a basket of goods and services typically bought by consumers and is one of the Federal Reserve’s key data points for monetary policy decisions.“For Bitcoin, an in-line print is unlikely to be a clean catalyst either way,” he added. “It keeps liquidity expectations capped and risk assets trading more on positioning than on a fresh dovish impulse.”Ioppe also said that gold remains under pressure. “Real yields are still the key variable, and without imminent cuts, the opportunity cost of holding a non-yielding asset stays elevated,” he said.No institutional reallocation to BitcoinMarkus Thielen of 10x Research told Cointelegraph he sees …

Analysts tip pressure for Bitcoin, gold as US inflation tops 4%

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