Bitcoin Consolidates Above $61K as Investors Await Release of Fed's Inflation Gauge

Bitcoin remained stable above $61,000 ahead of the release of the Fed's inflation gauge, with economists predicting a slowdown in the annualized inflation rate to 2.6% in May. Solana's SOL token outperformed Ethereum's ETH token this week after VanEck filed an S-1 registration statement for its VanEck Solana Trust, but SOL currently lacks CME futures, a prerequisite for ETF approval. Bettors on blockchain platforms are skeptical of President Joe Biden's performance in the first debate of the 2024 presidential election, pushing former President Donald Trump's odds of winning the November vote to as high as 67%. Google Trends data shows that the value of the search query "NVDA" over the past five years is nearing its peak value of 100, indicating a potential peak in AI-related assets.