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

live Updated just now Live updates: Soft core inflation gave crypto a bounce, but only bitcoin held up on the week May CPI ran hot on energy and cooler underneath, lifting majors on Thursday, though ether and the large alts are still down 6% to 8% over seven days. By Shaurya Malwa Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email just now · 5:46 AM Shaurya Malwa Share Share this post Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin creeps up higher as all eyes on SpaceX Crypto caught a modest bid on Thursday after Wednesday's inflation report showed underlying price pressures staying contained. Bitcoin rose about 1.9% over 24 hours to roughly $62,600, leading the majors, per CoinDesk data. Headline inflation rose 0.5% on the month and 4.2% over the year, the fastest annual pace since April 2023, but energy did most of the work, climbing 3.9% on the month and accounting for more than 60% of the increase as oil rose on the Iran conflict. Core inflation, which strips out food and energy and is the gauge the Federal Reserve leans on, rose just 0.2% on the month, below the 0.3% forecast, and 2.9% over the year. The bounce is shallow and concentrated in bitcoin. BTC is down less than 1% over the past seven days, holding its 200-week average, while the rest of the top tokens remain deep in the red on the week. Ether is off about 6.5% at roughly $1,651, XRP down 7.5% near $1.12, Solana down 7.4% around $65, and dogecoin off 7%. BNB held up better at a 2.1% weekly loss. Traders now await Fed's June 17 meeting, where markets expect no change to rates. The hot headline gives hawks cover to stay restrictive, while the soft core gives doves room to argue the pressure is narrow and energy-driven. Another widely-cited catalyst is the public offering of Elon Musk-owned satellite, rockets and AI company SpaceX, which prices later Thursday and is expected to start trading on Friday at a $1.8 trillion valuation. Shares for the company are already four times oversubscribed, with some singular entities bidding as much as $10 billion for the stock, per Bloomberg. Latest Crypto News 1 It's not just bitcoin ETFs. Corporate BTC buying has dried up too 30 minutes ago 2 XRP holds above $1.10 as ETF inflows rise, but traders remain cautious 55 minutes ago 3 Bitcoin has reached a deep bear-market valuation zone. The hard part may come next. 1 hour ago 4 Privacy returns to focus as Ethereum developers explore new token standards 11 hours ago 5 BlackRock and Fidelity are quietly turning bitcoin ETFs into a two-firm market 11 hours ago 6 Coinbase-backed Stand With Crypto calls on members to campaign against banks blocking digital asset transactions 11 hours ago 7 Netomi CEO says $5 trillion AI customer experience market could boost stablecoin demand 13 hours ago 8 The quantum clock is ticking: it's Bitcoin's problem, not Ethereum's 13 hours ago 9 Mastercard prepares for a future where AI agents make payments 13 hours ago 10 Kalshi now requires users to reveal employers as it fights insider trading and market manipulation 14 hours ago Latest Research RWA Tokenization Hits $28.9B Record as Stablecoin Market Cap Extends Gains to $320B RWA Tokenization Hits $28.9B Record as Stablecoin Market Cap Extends Gains to $320B Tokenized assets hit a record $28.9B in May; their tenth consecutive monthly all-time high. The stablecoin market cap also extended its run to $320B. By CoinDesk Research Jun 9, 2026 Tokenized assets hit a record $28.9B in May; their tenth consecutive monthly all-time high. The stablecoin market cap also extended its run to $320B. Why it matters : Tokenized assets hit a record $28.9B in May; their tenth consecutive monthly all-time high. The stablecoin market cap also extended its run to $320B. View Full Report More From Markets It's not just bitcoin ETFs. Corporate BTC buying has dried up too XRP holds above $1.10 as ETF inflows rise, but traders remain cautious Bitcoin has reached a deep bear-market valuation zone. The hard part may come next.