Bitcoin (BTC) played a game of "chicken" with the latest U.S. inflation data, narrowly avoiding a fresh attack on $69,000. Despite the U.S. Producer Price Index (PPI) for May coming in lower than expected, indicating a slowdown in inflation, Bitcoin's response was as cool as a cucumber 🥒. Jobless claims beating forecasts also failed to rally sentiment. However, trading firm QCP Capital remains "structurally bullish" for the rest of the year, anticipating a rate cut in September and the approval of spot Ether exchange-traded funds (ETFs). So, buckle up crypto enthusiasts, the next few hours (and months) will be interesting!