markets·31d ago
Bitcoin stays below $64K as soft inflation fails to spark rally
Flat PPI and in-line CPI leave Bitcoin rangebound, with Glassnode noting a lack of buyers.
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Flat PPI and in-line CPI leave Bitcoin rangebound, with Glassnode noting a lack of buyers.

June CPI data lowered Fed rate-hike odds to 13%, boosting Bitcoin to nearly $65,000.
Bitcoin hovers near $62,000 as the June CPI report set for release July 14 could trigger major price swings.
The upcoming US inflation data may set the direction for risk assets including Bitcoin and gold.