Bitcoin and Crypto Bounce as Inflation Hits 3-Year High, but CryptoQuant Says the Bottom Isn't In and SpaceX IPO Looms

Bitcoin bounced to around $62,000 even as May CPI hit a 3-year high of 4.2%, but CryptoQuant says the realized-price floor near $53,600 hasn't been tested and the $250 billion SpaceX IPO could drain more crypto liquidity.