CoinDesk Podcast Network Will CPI Reading Boost Bitcoin? | COINDESK DAILY
Jun 11, 2025
The host dives into how easing U.S.-China tensions could impact Bitcoin's price, with a recent spike above $110,000 raising questions about future market trends. Hear insights on the potential broader tariff deal between these economic giants. Additionally, the shift in leadership at the Polygon Foundation is discussed, showcasing a new direction for the organization. The podcast also highlights Ledn, a platform offering Bitcoin-backed loans, emphasizing its transparency and trustworthiness in the crypto space.
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Bitcoin Reacts to U.S.-China Tensions
- U.S.-China tensions cooling led to a brief Bitcoin surge past $110,000, reflecting market optimism.
- However, the agreement is tentative and awaits approval from both leaders, showing uncertainty remains.
Inflation Data's Market Impact
- Inflation data showing a 0.3% increase in core inflation could signal persistent inflation.
- This may drive renewed interest in traditional hedges like gold and Bitcoin.
Polygon's Strategic Overhaul
- Polygon is shifting strategy by shutting down ZKEVM and focusing on proof of stake.
- New CEO Sandeep Nailwal aims to drive growth through cross-chain liquidity with AgLayer.