US May CPI Rises to 4.2% Year Over Year as Bitcoin Holds Above 61000

US Bureau of Labor Statistics data showed May CPI rose 4.2% year over year and 0.2% month over month, with core CPI up 2.9% year over year. Markets continued to price a steady Fed rate decision for June, and Bitcoin traded around 61700, staying above 61000 as US stock index futures fell and the 10 year Treasury yield rose to 4.5%.