
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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Original coverage across the crypto market, updated daily.

June CPI data lowered Fed rate-hike odds to 13%, boosting Bitcoin to nearly $65,000.

Bitcoin rose above $62,000 after a disappointing US jobs report lowered expectations for a near-term Fed rate hike.
Cleveland Fed President Beth Hammack says robust AI infrastructure demand may keep inflation elevated, potentially requiring further rate hikes.

SOL recovered to $66.56 after dipping to $64.56, while Bitcoin fell to $58,189 and Fed rate hike odds remained above 60%.

Mixed comments from President Trump and Fed Chair Kevin Warsh inject uncertainty into crypto markets.
Oil plunges 33% and Dow hits record after Trump Iran deal, but Bitcoin retreats as Fed dashes rate cut hopes.