
markets·15d ago
Bitcoin Climbs Near $65K as Cooling Inflation Reduces Rate-Hike Expectations
June CPI data lowered Fed rate-hike odds to 13%, boosting Bitcoin to nearly $65,000.
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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.