Bitcoin Blasts Past $65K as Cooling Inflation Guts Fed Rate Hike Bets
Bitcoin is ripping towards $65,000, fueled by a June CPI print that just gutted Fed rate hike odds. Inflation cooling faster than expected has traders pricing in a dovish shift. All eyes are now on the September FOMC for the next move.
Bitcoin just ripped past $65,000, riding the wave of a June CPI print that crushed rate hike expectations. This isn't just a pump; it's a direct reaction to macro shifts.
The market's conviction for a Fed hike plummeted from 43% to a mere 13%. That's a massive repricing, signaling the Street believes the inflation fight is turning.
Now, every serious player is watching the September FOMC meeting. That's where the next cues for positioning will drop. Don't get caught flat-footed.