Bitcoin Price Slides Amid US CPI Print: Global Crypto News Analysis

Introduction
In today's Cryptocurrency News update, we examine the notable price action of Bitcoin (BTC) as it slides from its recent all-time high of $123,218 down to $117,500. As US inflation data looms with an expected CPI reading of 2.7% YoY for June, investors are cautiously optimistic yet alert to potential market pullbacks.

Market Overview
Bitcoin’s surge to a $123,000 high underscored strong market enthusiasm. However, the slight dip to $117,500 today reflects preemptive caution among traders, possibly driven by the anticipated inflation print. This scenario is stirring discussions across global crypto news channels and analyst circles.

Key Market Highlights

• Bitcoin ATH and Dip: Achieved an ATH at $123,218, now trading at $117,500
• Upcoming US CPI: Market braces for a 2.7% YoY inflation rate which could dictate near-term trends
• Investor Behavior: Optimism remains high, yet the anticipation of adverse economic indicators adds a layer of risk

Considerations for Crypto Investors
Given the dynamic environment, it is essential to stay informed and seek professional advice. Whether you're exploring crypto tax tips or learning how to build a crypto portfolio, consider the following recommendations:

• Diversification: Spread out your investments to mitigate risk during volatile periods.
• Tax Planning: Keep updated records and consult with tax professionals to take advantage of available crypto tax strategies.
• Market Analysis: Regularly review market data and adjust strategies based on upcoming economic reports like the CPI.

Conclusion
Bitcoin's recent price dip, amid high US CPI expectations, serves as a reminder of the intricate balance between market optimism and caution. Investors tuned to both Cryptocurrency News and Global Crypto News are advised to maintain a well-informed, diversified approach as they navigate these transformative times in the digital finance space.