Hotter U.S. Inflation Data Hits Bitcoin and Weakens Rate-Cut Hopes

Higher-than-expected U.S. inflation data pushed markets to price the Federal Reserve holding rates at 3.50%–3.75% at its June 17 meeting. Bitcoin fell to about $80,700–$80,814, down about 1.2% over 24 hours. U.S. stock index futures weakened, and the 10-year U.S. Treasury yield rose to 4.44%. WTI crude oil climbed about 3% to $101 per barrel, adding to inflation concerns and pressuring risk appetite.

BTC2.56%
CL1.01%
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