Live updates: Soft core inflation gave crypto a bounce, but only bitcoin held up on the week

CoinDesk 2026-06-11 05:45:57
Context: The cryptocurrency market experienced a week of mixed results, with some assets showing resilience while others continued to decline. On Thursday, the market saw a bounce due to a softer-than-expected inflation reading, but the overall trend for many cryptocurrencies remained negative. The week's performance was characterized by a contrast between the performance of major cryptocurrencies and their smaller counterparts.

Key Facts

  • The May Consumer Price Index (CPI) reading showed a hot inflation rate driven by energy costs, but a cooler rate in other areas, which had a positive

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