Bitcoin is trying to build upon its gains above the psychological support of $70,000. The sentiment received a boost after the spot Bitcoin exchange-traded funds recorded the second highest inflows of $887 million on June 4, per Farside Investors data. Analysts are closely watching next week’s United States Consumer Price Index (CPI) data. After the 0.1% drop in the CPI data on May 15, Bitcoin started a 7% rally over the following five days. 10x Research head of research, Markus Thielen, believes that if the year-on-year CPI is 3.3% or lower, it could propel Bitcoin to a new all-time high. Fidelity Investments head ... (full story)