16 hours ago
U.S. inflation data sparks Bitcoin rally to $65,500 as Fed rate-hike expectations collapse – Link
Bitcoin jumped to $65,500 on July 15 after June CPI came in at 3.5% year-over-year, below the 3.8% forecast, while core CPI eased to 2.6%. The move triggered about $300 million in short liquidations and pushed Fed rate-hike odds from 43% to 13%.
Matters because: Cooling inflation removes a key macro headwind for BTC and risk assets, with the September FOMC now the next major checkpoint.
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〽️ Crypto Pulse 👉 @degendaoinfo #crypto
Bitcoin jumped to $65,500 on July 15 after June CPI came in at 3.5% year-over-year, below the 3.8% forecast, while core CPI eased to 2.6%. The move triggered about $300 million in short liquidations and pushed Fed rate-hike odds from 43% to 13%.
Matters because: Cooling inflation removes a key macro headwind for BTC and risk assets, with the September FOMC now the next major checkpoint.
_
〽️ Crypto Pulse 👉 @degendaoinfo #crypto
