Bitcoin · Federal Reserve (FED) · Kevin Warsh · CryptoSlate
Bitcoin pushes toward $65,000 on US inflation relief that may already be fading
Compiled by KHAO Editorial — aggregated from 1 source + 4 references discovered via search. See llms.txt for citation guidance.
◌ Single Source
Bitcoin approached $65,000 on July 14 as a sharper-than-expected slowdown in US inflation weakened the case for another near-term Federal Reserve interest rate increase.
Key facts
- Brent crude rose above $87 per barrel on July 14, then pared its gains, trading near $85
- Data from CryptoSlate showed that BTC rose as high as $64,832 once the report landed, gaining about 4% from its intraday low and coming within $200 of a threshold it has struggled to hold
- She placed near-term support at $62,000 to $63,000 and resistance at $65,000 to $66,000, and a sustained break above that zone would take Bitcoin beyond the range that has contained it through much
- Bitcoin must now convert its post-CPI advance into a sustained move through the $65,000-$66,000 resistance area, building on the momentum it is forming
Summary
01 Bitcoin neared $65,000 after June CPI fell 0.4% and annual inflation slowed more than expected. 02 The softer report reduced odds of a near-term Fed hike and briefly lifted risk assets. 03 Rising US-Iran tensions and oil prices could revive inflation fears before Bitcoin clears $65,000-$66,000 resistance. Data from CryptoSlate showed that BTC rose as high as $64,832 once the report landed, gaining about 4% from its intraday low and coming within $200 of a threshold it has struggled to hold over the past month.