A softer-than-expected June Consumer Price Index reading has reshaped market expectations around Federal Reserve policy, pushing Bitcoin close to the $65,000 mark. Following the CPI release, the odds of a further rate hike collapsed from 43% to 13%, easing pressure on risk assets and boosting appetite for cryptocurrencies. Lower inflation readings tend to reduce the case for tighter monetary policy, which can support assets like Bitcoin that benefit from looser financial conditions. Analysts are now turning their attention to the September Federal Open Market Committee meeting for clearer signals on the central bank's next moves and how positioning may shift in the months ahead. The rapid repricing underscores how sensitive digital asset markets remain to macroeconomic data and evolving expectations about interest rate direction in the United States.
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