A sharper-than-expected slowdown in US inflation eased expectations of a near-term Federal Reserve interest rate increase, giving risk assets like Bitcoin a boost on July 14. According to data cited from CryptoSlate, BTC climbed as high as $64,832 following the inflation report, gaining roughly 4% from its intraday low and coming within about $200 of the $65,000 threshold. The softer inflation reading reduced pressure on the Fed to keep tightening monetary policy, a shift that typically supports appetite for higher-risk investments. However, the report suggests the initial relief rally may already be losing steam, raising questions about whether the momentum can hold. Traders continue to watch macroeconomic signals closely, as expectations around Fed policy remain a key driver of Bitcoin's short-term price action and broader market sentiment.
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