Holding steady with $60k is the key to victory—once Tuesday’s CPI prints

Coin World News: This week, Bitcoin’s trading price is hovering near $62,800, as investors prepare for a series of economic data releases and geopolitical headlines. Bitcoin has remained steady above the $60,000 support level, even as Asian equities fall and oil prices rise. Over the past 24 hours, Bitcoin is down by about 1.4%, while its seven-day change remains nearly flat. Four key factors are drawing attention: the conflict between Iran and Israel, inflation data, the consumer activity report, and major corporate earnings. The fighting between Iran and Israel pushed Brent crude oil above $79 per barrel, increasing concerns about shipping through the Strait of Hormuz. The June Consumer Price Index will be released on Tuesday, followed closely by the Producer Price Index. Strong economic data could weigh on Bitcoin, while weak inflation data may leave room for a rebound. The second-quarter earnings season also begins this week, with JPMorgan, Goldman Sachs, Bank of America, Wells Fargo, and Citigroup set to begin reporting on