Bitcoin Eyes $65K as Cooling CPI Data Cuts July Fed Rate Hike Probability
Softer US CPI data just shifted the macro landscape. Market expectations for a July Fed rate hike have sharply diminished. Bitcoin reacted instantly, pushing back towards $65,000.
US CPI data landed softer than anticipated, immediately recalibrating macro sentiment. This print significantly reduced the probability of a July Fed rate hike.
Bitcoin responded with a sharp upward move, reclaiming ground towards the $65,000 mark. Traders are pricing in a more dovish Fed outlook.
The market now sees a clearer path for risk assets as inflation pressures ease. This macro pivot provides a tailwind for $BTC.